Verifone Reports Results for the Fourth Quarter and Full Year Fiscal 2017

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Go back to Verifone Reports Results for the Fourth Quarter and Full Year Fiscal 2017

VeriFone (PAY) PT Lowered to $22 at Jefferies Following 4Q

December 13, 2017 8:08 AM EST

Jefferies lowered its price target on VeriFone (NYSE: PAY) to $22.00 (from $23.00) while maintaining a Buy rating following the company's 4Q earnings report. PAY printed Q4 including a modest revenue beat of $477M vs. Street at $472M and adjusted EPS of $0.44, which is a penny above... More

VeriFone Systems (PAY) Approves Additional $100M Buyback

December 12, 2017 4:10 PM EST

On December 11, 2017, Verifone (NYSE: PAY) sold its Taxi business for $30 million in cash consideration. In connection with the transaction, Verifone also retained a minority equity interest in the divested business.

Verifone expects to use the net proceeds from the Taxi divestiture, plus available cash,... More

VeriFone Systems (PAY) Tops Q4 EPS by 1c, Guidance Comes in Light

December 12, 2017 4:08 PM EST

VeriFone Systems (NYSE: PAY) reported Q4 EPS of $0.44, $0.01 better than the analyst estimate of $0.43. Revenue for the quarter came in at $477 million versus the consensus estimate of $472.46 million.

GUIDANCE:

VeriFone Systems sees FY2018 EPS of $1.47-$1.50, versus the consensus of $1.57.... More