VeriFone Systems (PAY) Reports In-Line Q2 EPS, Rev & FY14 Guidance Strong

VeriFone Systems (NYSE: PAY) reported Q2 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $467 million versus the consensus estimate of $443.42 million.

“I’m very pleased with our second quarter financial results, which exceeded our guidance, and the continued progress in our operational initiatives,” said Paul Galant, Chief Executive Officer of VeriFone. “We continue to work to drive the next evolution of commerce for our clients by becoming their most trusted partner for terminals, Payment-as-a-Service and commerce enablement solutions. And, we are working with our clients to protect their brands and reputations from the growing threat of data breaches.”

VeriFone sees FY2014 EPS of $1.42 - $1.44, versus the consensus of $1.43 and revenue of $1.825 - $1.835 billion, versus prior guidance of $1.78-1.81 billion and the consensus of $1.80 billion.

VeriFone sees Q2 EPS of $0.33 - $0.34, versus the Street consensus of $0.37, and revenues of $455 - $460 million vs $453.8 million.

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

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