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Home Breaking News

NCR Voyix Faces Stock Market Turbulence After Unveiling Preliminary Financial Results

Elaine Mendonca by Elaine Mendonca
March 2, 2024
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NCR Voyix has recently unveiled its preliminary financial results for the fourth quarter and full year of 2023, causing a stir in the stock market.

In Q4, the company suffered a net loss, with earnings per diluted share dropping to $2.25 from $0.15 the previous year. Despite seeing growth in software and services throughout 2023, NCR Voyix‘s Price to Earnings (P/E) Ratio remains in the negative at -3.93, indicating ongoing losses.

The spin-off of NCR Atleos has also played a role in the reported results, as discontinued operations have affected the overall financial picture. As a result, investors have reacted to the disclosed figures by causing a decline in the company’s shares.

As of March 2, 2024, NCR Voyix continues to navigate the challenges presented by its financial performance and market response.

VYX Stock Plunges 21.49% in Tumultuous Day on Market: Potential Rebound in After-Hours Trading

On March 2, 2024, VYX stock had a tumultuous day on the market. The stock closed at $11.47, which was a significant drop of $3.14, or 21.49%, from the previous market close. This put the stock near the bottom of its 52-week range and below its 200-day simple moving average, indicating a bearish trend for the stock.

However, there was a glimmer of hope for VYX investors as the stock rose $0.27 in after-hours trading. While this increase is modest compared to the earlier drop, it does suggest that there may be some buying interest in the stock after the initial sell-off.

VYX Stock Sees Significant Decrease in Revenue and Profitability in 2024

On March 2, 2024, VYX stock experienced a significant decrease in its financial performance compared to the previous year and the last quarter. According to data from CNN Money, the total revenue for VYX was $3.83 billion over the past year, which decreased by 51.17% from the previous year. In the fourth quarter of the year, the total revenue was $963.00 million, representing a decrease of 52.26% from the previous quarter.

Similarly, the net income for VYX was -$422.00 million over the past year, which decreased by 803.33% from the previous year. In the fourth quarter, the net income was -$254.00 million, showing a decrease of 104.84% from the previous quarter.

Furthermore, the earnings per share (EPS) for VYX were -$3.12 over the past year, which decreased by 1099.74% from the previous year. In the fourth quarter, the EPS was -$2.25, indicating a decrease of 147.57% from the previous quarter.

These financial indicators suggest that VYX has been facing challenges in generating revenue and profitability over the past year and the last quarter. Investors and analysts may be concerned about the company’s ability to improve its financial performance and turn the situation around in the future.

Tags: VYX
Elaine Mendonca

Elaine Mendonca

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