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VeriFone Systems (PAY) Tops Q3 EPS by 5c; Guides FY14 EPS Above Consensus

September 4, 2014 7:31 AM

VeriFone Systems (NYSE: PAY) reported Q3 EPS of $0.40, $0.05 better than the analyst estimate of $0.35. Revenue for the quarter came in at $476 million versus the consensus estimate of $458.9 million.

“I’m pleased with our financial results and progress on our business initiatives,” said Paul Galant, Chief Executive Officer of VeriFone. “We have now grown revenue and earnings sequentially for the last four quarters. At the same time, we have been architecting VeriFone’s next chapter strategy, which will link our millions of powerful terminals and digital media screens into a commerce enablement network that helps our merchant clients acquire new consumers and increase sales with targeted offers, loyalty incentives, instant reward redemptions and other services. We are very excited about these opportunities.”

VeriFone Systems sees Q3 2014 EPS of $0.39 - $0.40, versus the consensus of $0.42 and sees Q3 2014 revenue of $478 - $483 million, versus the consensus of $471.1 million.

VeriFone Systems sees FY2014 EPS of $1.46 - $1.47, versus the consensus of $1.45 and also sees FY2014 revenue of $1.858 - $1.863 billion, versus the consensus of $1.83 billion.

For earnings history and earnings-related data on VeriFone Systems (PAY) click here.

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