VeriFone Systems (PAY) Tops Q3 EPS by 2c; Guides Well Below the Street

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Verifone Reports Results for the Third Quarter of Fiscal 2016 and Updates Outlook for Full Year

September 1, 2016 4:02 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results for the three months ended July 31, 2016.

Third Quarter Financial Highlights

GAAP net revenues of $488 million and Non-GAAP net revenues of $493 million GAAP net loss per diluted share of $0.28 Non-GAAP net income per diluted share of $0.42 Operating cash flow of $13 million

"We made real progress during the third quarter in further... More