December 20, 1996 11:00 AM ET
NCR saw $33M loss in Q3
By Margaret Kane
NCR Corp., which is scheduled to be spun off from AT&T; Corp. at the end of this year, lost $33 million in its most recent quarter, the company revealed today in a filing with the Securities and Exchange Commission.
According to the report, which expands on a nine-month financial statement submitted earlier this year, the Dayton, Ohio, computer company saw sales of $926 million in the third quarter and a total of $2.7 billion in the past nine months. NCR lost a total of $116 million over that period.
NCR stock will be spun off from AT&T; on Dec. 31 through a dividend distribution to AT&T; shareholders. The company's stock has been trading on the New York Stock Exchange since Dec. 11 on a "when issued" basis.
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