VeriFone Up After Earnings, Guidance Beat Street

By | June 6, 2014

Scalper1 News

VeriFone (PAY) stock was up 7% to a 20-month high near 36 in early trading on the stock market today after the payment processor’s quarterly results and guidance beat expectations, and several analysts hiked their price targets. Late Thursday, VeriFone reported fiscal Q2 earnings of 37 cents a share, down 12% from the year-earlier quarter but beating analysts’ consensus by 5 cents. Revenue for the quarter ended April 30 rose 9% to $466 million, Scalper1 News

Scalper1 News