NCR rises as it strikes deal with Wal-Mart Stores

AP News
Posted: Nov 01, 2012 1:07 PM
NCR rises as it strikes deal with Wal-Mart Stores

NEW YORK (AP) — Shares of NCR Corp., which makes ATMs, self-service checkout machines and airport check-in kiosks, gained more than 6 percent on Thursday as the company announced a self-service checkout deal with Wal-Mart Stores Inc.

THE SPARK: NCR will install 10,000 self-service checkout lanes at more than 1,200 domestic Walmart locations next year. Financial terms of the deal were not disclosed.

Wal-Mart is the world's biggest retailer with 10,300 stores in 27 countries. The additional self-service checkout lanes are viewed as a way to help provide a better customer experience and meet shoppers' needs for easy, convenient checkout service.

SHARE ACTION: NCR's stock added $1.34, or 6.3 percent, to $22.62 in afternoon trading. The shares have traded in a 52-week range of $15.68 to $25.99.