New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:26 EDTPAY, NXPI, NCR, DBD, MCRS, USATVeriFone 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
Check below for free stories on PAY;NXPI;NCR;DBD;MCRS;USAT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2014
20:03 EDTNXPINXP Semiconductors sees Q3 EPS $1.25-$1.35, consensus $1.18
Subscribe for More Information
20:01 EDTNXPINXP Semiconductors reports Q2 EPS $1.09, consensus $1.06
Reports Q2 revenue $1.35B, consensus $1.33B.
15:30 EDTNXPINotable companies reporting after market close
Subscribe for More Information
July 22, 2014
07:02 EDTNXPINXP Semi has positive read through from Texas Instruments, says Sterne Agee
Subscribe for More Information
July 21, 2014
14:21 EDTNXPIEarnings Preview: Analysts optimistic on TI ahead of Q2 report
Subscribe for More Information
July 16, 2014
08:06 EDTNCRNCR selected by UniPro Foodservice
Subscribe for More Information
July 14, 2014
09:18 EDTNXPINXP Semiconductors to benefit from EMV proliferation, says Sterne Agee
Subscribe for More Information
08:07 EDTNXPINXP Semiconductors should be bought ahead of results, says Pacific Crest
Subscribe for More Information
July 10, 2014
06:00 EDTPAYeBay repatriated cash likely to be used for M&A, says Piper Jaffray
Piper Jaffray believes a large part of the $9B in cash eBay expects to repatriate to the U.S. will be used for acquisitions in the payments space. The cash, equating to $6B net of taxes, could help eBay take advantage of the shift to mobile payments, the firm says. Piper lists Square, VeriFone (PAY), iZettle and Corduro as companies in the payment space that are within acquisition range for eBay. The firm has an Overweight rating on eBay with a $63 price target.

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