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Stock Market & Financial Investment News

News Breaks
February 20, 2013
16:13 EDTPAYVeriFone says lower Q1, Q2 estimates due to weak macro's in Europe
Says the lower than expected results for the first quarter were driven primarily by: Continued weak macro-economic conditions in Europe; Increased focus and investments throughout 2012 on longer-term service initiatives in multiple jurisdictions at the expense of near-term hardware and software features and customization projects that were reduced or delayed, which resulted in missed revenue opportunities; An increase in deferred revenue related to volume shipments made during the quarter to a new mix of customers in the Middle East and Africa. These shipments did not meet first quarter revenue recognition requirements; Lower than anticipated revenue from large Brazilian customers, as well as political and economic uncertainty in Venezuela, typically a strong market for VeriFone; and Several customers electing to delay major projects beyond the first quarter, as well as the cancelled Washington, D.C. taxi project.
News For PAY From The Last 14 Days
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September 4, 2015
08:29 EDTPAYVerifone 'impressive' revenue, U.S. guidance improves outlook, says Stifel
Stifel believes that VeriFone reported "impressive" Q3 results, with "solid," better than expected revenue and strong underlying trends. The firm says that the company's overall guidance was "somewhat disappointing," but it thinks the miss was mostly caused by foreign exchange fluctuations, and it believes the guidance could be conservative. The firm was impressed by the company's guidance for 3% growth, and it is now more confident in the company's outlook. It reiterates a Buy rating on the shares.
08:16 EDTPAYVerifone risk/reward positive, says Pacific Crest
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07:15 EDTPAYVerifone risk/reward looks 'very attractive,' says Jefferies
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September 3, 2015
19:03 EDTPAYOn The Fly: After Hours Movers
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16:19 EDTPAYVerifone falls after results
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16:04 EDTPAYVerifone sees FY15 adjusted EPS $1.82-$1.83, consensus $1.85
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16:03 EDTPAYVerifone sees Q4 adjusted EPS 47c-48c, consensus 51c
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16:02 EDTPAYVerifone reports Q3 adjusted EPS 47c, consensus 46c
Reports Q3 revenue $510M, consensus $500.79M.
14:57 EDTPAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.95... VeriFone (PAY), consensus 46c... Esterline (ESL), consensus $1.42... Infoblox (BLOX), consensus 10c... UTi Worldwide (UTIW), consensus (5c)... Vince Holding (VNCE), consensus 23c.
07:12 EDTPAYVerifone September volatility elevated into Q3 and outlook
Verifone September call option implied volatility is at 58, October is at 47; compared to its 52-week range of 21 to 57, suggesting large near term price movement into the expected release of Q3 results today after the market close.
September 1, 2015
08:06 EDTPAYVerifone, Aava Mobile partner to offer 'pocketable' mPOS Solution
Verifone (PAY) and Aava Mobile announced the first handheld mobile point of sale solution powered by Intel (INTC) to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers. The solution is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.
August 25, 2015
09:59 EDTPAYOn The Fly: Analyst Upgrade Summary
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07:33 EDTPAYVerifone upgraded to Overweight from Neutral at Piper Jaffray
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