VeriFone Systems (PAY) Tops Q4 EPS by 1c; Guides Below the Street

VeriFone Systems (NYSE: PAY) reported Q4 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $468 million versus the consensus estimate of $461.39 million.

GUIDANCE:

VeriFone Systems sees Q1 2017 EPS of $0.20, versus the consensus of $0.36. VeriFone Systems sees Q1 2017 revenue of $450 billion, versus the consensus of $471.29 billion.

VeriFone Systems sees FY2017 EPS of $1.35-$1.39, versus the consensus of $1.59. VeriFone Systems sees FY2017 revenue of $1.9-1.915 billion, versus the consensus of $1.92 billion.

“Our fourth quarter results were better than our outlook on both the top and bottom line. Total revenues were consistent with our expectations of EMV-related demand in the U.S., we reported 16% growth in Services revenues from both acquisitions and organic business, and we saw good growth in EMEA and Latin America as a result of several important competitive wins," said Paul Galant, Chief Executive Officer of Verifone. “There is significant opportunity ahead for our business as we move through the many cash to cashless migrations that are happening across the globe, and I am looking forward to addressing our customers’ evolving needs with our newest device platform as we launch pilots, obtain certifications and begin generating more meaningful sales volumes in 2017.”

For earnings history and earnings-related data on VeriFone Systems (PAY) click here.

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