Jefferies Tweaked Estimates on VeriFone Systems (PAY) Following 4Q Results

Imperial Capital Cuts Price Target on VeriFone Systems (PAY) Despite 4Q Beat

Imperial Capital maintained an Outperform rating on VeriFone (NYSE: PAY), and cut the price target to $32.00 (from $38.00), following the company's 4Q earnings report. Revenue of $514mn was up 5% year-over-year (yoy) and 15% on constant
currency basis. The price cut is a side... More

Pre-Open Stock Movers 12/15: (KTOV) (LL) (VRX) Higher; (NEOT) (KMT) (ZOES) Lower (more...)

Neothetics, Inc. (NASDAQ: NEOT) 77.3% LOWER; announced top-line results from its AbCONTOUR1 and AbCONTOUR2 U.S.-based pivotal Phase 3 trials to evaluate the safety and efficacy of LIPO-202 for the reduction of central abdominal bulging due to subcutaneous fat. In both studies, LIPO-202 did not meet its co-primary composite and secondary endpoints. The co-primary endpoints were the proportion of subjects who reported an improvement of at least one point on the Patient-Global Abdominal Perception Scale (P-GAPS) and an improvement of at least two points... More

VeriFone Systems (PAY) 4Q EPS Beat Driven by Strong NA Growth; Piper Jaffray Reiterates Outperform

Piper Jaffray reiterated an Overweight rating and $38.00 price target on VeriFone (NYSE: PAY) following the company's 4Q earnings report. PAY reported non-GAAP EPS of $0.49, coming in ahead of consensus estimates of $0.48. The beat was driven by stronger North America growth, though partially... More

Goldman Sachs Downgrades VeriFone (PAY) to Neutral

Goldman Sachs downgraded VeriFone (NYSE: PAY) from Buy to Neutral with a price target of $30.00 (from $37.00).

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $26.43 yesterday.

After-Hours Stock Movers 12/14: (LL) (BA) (AMGN) Higher; (KMT) (PAY) (GPRO) Lower (more...)

Kennametal Inc. (NYSE: KMT) 20% LOWER; announced that the company is reducing its previously announced fiscal 2016 guidance. The company's revenue expectations have been negatively impacted by further declines in its end markets as evidenced by continued declines in industrial production indices since prior guidance was issued in early November, particularly China automotive and US and China coal mining, as well as further reductions in O&G activity. At... More

Market Wrap: Newell Rubbermaid, Jarden Make it Official; F5 Networks CEO Resigns; Pep Boys Gets Sweetened Offer

Market wrap for December 14th

End of the Day: S&P 500 up 9.6 to 2,021.94; Dow Jones up 103.3 to 17,368.50; Nasdaq up 18.8 to 4,952.23

Market Brief: Stocks were pressured early Monday as commodities again weighed. Crude dropped below $35 per barrel at one point today, which is the lowest seen since 2009. However, stocks began melting higher and ended positive with all eyes on the Fed's rate decision Wednesday.

Newell Rubbermaid moved to acquire peer Jarden Corp.

Boeing is taking more shareholder-friendly capital allocation... More

VeriFone Systems (PAY) Misses Q4 EPS by 3c, Offers Q1 & FY16 Guidance

VeriFone Systems (NYSE: PAY) reported Q4 EPS of $0.45, $0.03 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $514.1 million versus the consensus estimate of $513.65 million.

GUIDANCE:

VeriFone Systems sees Q1 2016 EPS of $0.45, versus the consensus of $0.50. VeriFone... More