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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
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July 30, 2014
09:03 EDTNCRAon plc names John Bruno as Executive VP of Enterprise Innovation and CIONCR Corp.
Aon (AON) appointed John G. Bruno as Executive VP of Enterprise Innovation and Chief Information Officer for Aon. Bruno joins Aon from NCR Corporation (NCR), where he worked since 2008.
July 29, 2014
18:35 EDTNCROn The Fly: After Hours Movers
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16:25 EDTNCRNCR Corp. sees pre-tax charge of about $150M-$200M from restructuring
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16:24 EDTNCRNCR Corp. sees Q3 income from operations $50M-$60M, consensus 80c
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16:22 EDTNCRNCR Corp. backs FY14 adjusted EPS view $3.00-$3.10, consensus $3.01
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16:20 EDTNCRNCR Corp. announces restructuring plan
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16:19 EDTNCRNCR Corp. reports Q2 adjusted EPS 68c, consensus 66c
Reports Q2 revenue $1.66B, consensus $1.67B.
07:51 EDTMCRSOracle extends expiration date of tender offer for MICROS to August 15
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July 25, 2014
06:35 EDTMCRSEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 24, 2014
15:37 EDTNXPINXP Semiconductors chip included in Amazon Fire phone, iFixit reports
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July 23, 2014
20:03 EDTNXPINXP Semiconductors sees Q3 EPS $1.25-$1.35, consensus $1.18
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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
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July 22, 2014
07:02 EDTNXPINXP Semi has positive read through from Texas Instruments, says Sterne Agee
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July 21, 2014
14:21 EDTNXPIEarnings Preview: Analysts optimistic on TI ahead of Q2 report
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