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VeriFone Systems Inc. (PAY) Sank To A New Low After Q2 Miss

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

VeriFone Systems Inc. (PAY) reported second quarter adjusted EPS of $0.42 after the bell Wednesday, down from $0.64 in the prior year. The consensus estimate was for EPS of $0.47. Third quarter adjusted EPS is expected to be about $0.20. The consensus estimate is for EPS of $0.50.

VeriFone Systems gapped open sharply lower Thursday and slipped further in the early afternoon. Shares finished down by 4.58 at $17.37 on strong volume. The stock sank beneath support and set a new low for the year.

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