Verifone Systems Tops Q3 Expectations but Sets Guidance Below Street

Verifone Systems Tops Q3 Expectations but Sets Guidance Below Street

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Verifone Systems (PAY) reported Q3 revenue of $510 million, better than the analyst consensus of $500 million on Capital IQ. Non-GAAP earnings were $0.47 per share, a penny ahead of the Street view.

For Q4, the company expects revenue in the range of $510 to $513 million, vs. the Street view of $522 million. EPS is seen at $0.47 to $0.48, below expectations of $0.51 per share.

For FY 2015, it is targeting revenue of $1.997 to $2.0 billion, below expectations of $2.159 billion. EPS is seen at $1.82 to $1.83, vs. Street estimates of $1.85 per share.

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