New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:26 EDTUSAT, NCR, MCRS, NXPI, DBD, PAYVeriFone 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
Sign up for a free trial to see the rest of the stories you've been missing.
January 16, 2015
13:37 EDTPAYManning & Napier Advisors reports 5.15% passive stake in Verifone
09:44 EDTUSATUSA Technologies enters pact with MasterCard
Subscribe for More Information
09:24 EDTNXPINXP Semiconductors price target raised to $90 from $82 at Sterne Agee
Subscribe for More Information
January 15, 2015
09:30 EDTDBDDiebold to realign the structure of Brazil and Latin America operations
Subscribe for More Information
January 13, 2015
08:02 EDTNCRNCR's SelfServ 90 to be deployed by Japan's MUJI department stores
NCR announced that the NCR SelfServ 90 will be deployed by Ryohin Keikaku Co, Ltd. in Japan. The pilot implementation for MUJI department stores marks the first installation of NCR self-checkout technology in a non-grocery environment in Japan. Additional deployments are expected for its high-traffic locations inside terminal buildings and metro areas, as well as other stand-alone locations. The MUJI store in Yurakucho, Japan is the site of the initial installation.
January 12, 2015
10:01 EDTUSATUSA Technologies initiated with a Buy at Craig-Hallum
Subscribe for More Information
07:56 EDTNXPINXP Semiconductors price target raised to $95 from $85 at Canaccord
Canaccord raised its price target on NXP Semiconductors to $95 from $85 following the company's demonstrations at the CES conference. The firm sees strong growth prospects across its end markets, particularly in the automotive sector. Canaccord reiterated its Buy rating on NXP Semiconductor shares.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use