Tag Archives: pay

VeriFone (PAY) stock was up 7% to a 20-month high near 36 in early trading on the stock market today after the payment processor’s quarterly results and guidance beat expectations, and several analysts hiked their price targets. Late Thursday, VeriFone reported fiscal Q2 earnings of 37 cents a share, down 12% from the year-earlier quarter but beating analysts’ consensus by 5 cents. Revenue for the quarter ended April 30 rose 9% to $466 million,

VeriFone Systems (PAY) skidded 7% in the stock market today, a day after the global electronic payments provider issued a disappointing outlook for the current quarter, though its fiscal Q4 results edged sales and earnings views. VeriFone makes debit- and credit-card processing machines for businesses worldwide. The San Jose, Calif.-based company earned 27 cents a share, minus items, in fiscal Q4 ended Oct. 31, down 64.5% from 76 cents in the