VeriFone Systems (PAY) Misses Q2 EPS by 3c

Verifone Reports Results for the Second Quarter of Fiscal 2018

June 8, 2018 4:05 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 April 30, 2018.

 

Second Quarter 2018 Financial Highlights

  (UNAUDITED, IN MILLIONS, EXCEPT PER SHARE AND PERCENTAGES)     Three Months Ended April 30,     Six Months Ended April 30, 2018     2017     Change (1) 2018     2017     Change (1) GAAP: Net revenues $ 438 $ 474 (7.5 )% $ 875 $ 928 (5.6 )% Gross margin as a % of net revenues 40.7 % 36.5 % 4.2pts 40.7 % 37.1 % 3.6pts Net loss per diluted share $... More