VeriFone Systems, Inc. (PAY) is engaged in providing electronic payment solutions at the point of sale (POS). The Company designs, manufactures, markets and supplies a range of payment solutions and complementary services that enable secure electronic payment transactions and value-added services at the POS. Its segments include North America, Latin America, EMEA and Asia-Pacific. The North America segment consists of operations in the United States and Canada. The Latin America segment operates in South America, Central America, Mexico and the Caribbean. The EMEA segment consists of operations in Europe, Russia, the Middle East and Africa. The Asia-Pacific segment operates in Australia, New Zealand, China, India, and throughout the rest of Greater Asia, including other Asia-Pacific Rim countries. Its services offerings include payment-as-a-service solutions, managed services and terminal management solutions, payment-enabled media, in-taxi payment solutions and security solutions.
Reported after close today (6/7/16) Earnings: EPS $0.47 Revenue $532.4M Estimates: EPS $0.53 Revenue $527.7M Down 27.64% after hours
Holy crap that is not good! Another -19% today! Third Quarter Financial Highlights GAAP net revenues of $488 million and Non-GAAP net revenues of $493 million GAAP net loss per diluted share of $0.28 Non-GAAP net income per diluted share of $0.42 Operating cash flow of $13 million
Analyst Upgrade/Downgrade Update Brokerage firm: Craig Hallum Change: Coverage Initiated Previous Rating: N/A Current Rating: Buy Previous Price Target: N/A Current Price Target: N/A
Earnings Preview: VeriFone Systems Inc (PAY) Heading into the event, the stock is down 0.2% at $16.42, and options traders seem to be bracing for a post-earnings sell-off. Given PAY's recent post-earnings history, however, that's hardly surprising. http://www.schaeffersresearch.com/c...ource=SM&utm_medium=Link&utm_campaign=Twitter
