VeriFone Systems (PAY) Reports In-Line Q2 EPS

VeriFone Systems (NYSE: PAY) reported Q2 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $474 million versus the consensus estimate of $472.64 million.

"Divesting three non-strategic businesses to reallocate resources and capital to core payments and commerce platform."

GUIDANCE:

VeriFone Systems sees Q3 2017 EPS of $0.35-$0.36, versus the consensus of $0.40, revenues of $463-465 million versus consensus of $483.3 million

VeriFone Systems sees FY 2017 EPS of 1.32-$1.34, versus the consensus of $1.37. Sees revenues of $1.861-1.866 billion versus consensus of $1.91 billion.

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

You May Also Be Interested In

• SanDisk stock target lifted at Bernstein to $3000 on new memory LTAs
• Chip stocks hit record 19.7% of S&P 500, quadrupling since 2020
• Piper Sandler picks Payments and Consumer Finance winners as multiples reset