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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:26 EDTDBD, PAY, USAT, NCR, MCRS, NXPIVeriFone hits 52-week high after better than expected results
Shares of VeriFone Systems (PAY), which is involved in secure electronic payment solutions, are rising after the company’s second quarter results and its revenue outlook surpassed expectations. WHAT'S NEW: Last night, VeriFone reported Q2 adjusted earnings per share of 37c and adjusted revenue of $467M, beating the consensus views of 33c and $443.42M, respectively. VeriFone forecast Q3 adjusted EPS of 33c-34c versus consensus of 37c. Q3 adjusted revenue was seen at $455M-$460M, which was above the consensus of $453.83M at the midpoint. For FY14, adjusted EPS was forecast at $1.42-$1.44, compared to consensus $1.43, while adjusted revenue was seen at $1.825B-$1.835B, topping the consensus of $1.8B. WHAT’S NOTABLE: The company also announced that the competition commission of India is investigating certain complaints made against it, alleging unfair practices based on certain provisions in its software development license arrangements in India. VeriFone noted it has cooperated with requests by the CCI in its investigation. OTHERS TO WATCH: After VeriFone stated that 15 of its existing POS customers moved to EMV credit card technology, Sterne Agee wrote in a note to investors that it thinks the EMV trend is gathering steam and provides a tailwind to NXP Semiconductors (NXPI). The firm notes that banks are continuing to roll out EMV-enabled cards and kept a $74 price target and Buy rating on NXP's shares. Other companies in the POS system and electronic payment space include NCR Corporation (NCR), Diebold (DBD), USA Technologies (USAT), and MICROS Systems (MCRS). PRICE ACTION: In late morning trading, VeriFone rose about 7%, to $36.23 on heavy trading volume. Earlier in the session, the stock hit a new 52-week high of $36.74. Including today’s advance, the stock has more than doubled in price over the past twelve months.
News For PAY;NXPI;NCR;DBD;MCRS;USAT From The Last 14 Days
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March 30, 2015
08:08 EDTPAYVerifone says launching new cloud POS solution for SMBs
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08:05 EDTPAYVerifone, Heartland Payment renew alliance, announce EMV, encryption initiative
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March 27, 2015
16:43 EDTNXPIMarket finishes week lower as Yemen conflict, data weigh on shares
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05:32 EDTNXPINXP Semiconductors signs strategic cooperation agreement with Digital China
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March 26, 2015
11:57 EDTNXPISanDisk weakness likely company specific, says Piper Jaffray
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10:29 EDTNXPINXP Semiconductors falls, begins filling bullish gap
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08:09 EDTNCRNCR Corp says selected by Qatar National Bank
QNB has signed a software professional services agreement with NCR Corporation to migrate to NCR Consumer Experience Banking, CxBanking, software -- APTRA Activate.
05:38 EDTNXPINXP Semiconductors establishes regional headquarters in Shanghai
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March 25, 2015
08:12 EDTNCRNCR says selected by Defense Commissary Agency
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05:38 EDTNXPINXP & Globafoundries announce production of 40nm embedded memory technology
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March 24, 2015
10:01 EDTPAYOn The Fly: Analyst Initiation Summary
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06:18 EDTPAYVerifone initiated with an Outperform at BMO Capital
Target $42.
March 23, 2015
07:20 EDTPAYBarclays to hold a forum
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March 17, 2015
11:05 EDTUSATUSA Technologies management to meet with Craig Hallum
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10:13 EDTPAYOptions with decreasing implied volatility
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08:07 EDTNCRWaffle House completes rollout of NCR Silver to 1,400 corporate locations
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08:05 EDTNCRNCR Interactive Teller selected by Akbank
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08:04 EDTDBDDiebold and UBS AG team up for banking solutions
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07:13 EDTDBDBofA/Merrill to hold a conference
Global Industrials & EU Autos Conference 2015 to be held in London, England on March 17-20.

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