VeriFone Systems (PAY) Reports In-Line Q3 EPS, Q4 Guidance Comes in Light

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Go back to VeriFone Systems (PAY) Reports In-Line Q3 EPS, Q4 Guidance Comes in Light

Verifone Reports Financial Results for Third Quarter of Fiscal 2017

September 7, 2017 4:04 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, 2017.

Third Quarter Highlights

GAAP and Non-GAAP net revenues of $467 million, with 7% sequential growth in Services GAAP net loss per diluted share of $0.63, reflecting restructuring and divestiture charges Non-GAAP net income per diluted share of $0.36, up 20% sequentially Operating cash flow of $60 million and free cash flow of $44 million... More