New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on PAY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 8, 2014
11:13 EDTPAYVeriFone management to meet with SunTrust
Subscribe for More Information

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