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VeriFone Systems Inc. (PAY) Is Declining On Weak Q1 Forecast

VeriFone Systems Inc. (PAY) reported fourth quarter adjusted EPS of $0.76 after the bell Thursday, compared to $0.53 a year ago. The consensus estimate was for EPS of $0.76. The company expects to report first quarter adjusted EPS of $0.70 to $0.73 and between $3.25 and $3.30 for the full year 2013. The consensus estimates are for EPS of $0.75 and $3.28. The stock is now down 1.78 on 329K shares.

VeriFone Systems declined around midday Thursday and finished down by 0.16 at $33.23. The stock pulled back from the upper end of a narrow, one-week range.

by RTTNews Staff Writer

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