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VeriFone Systems, Inc Q1 Earnings Climb

VeriFone Systems, Inc (PAY) released a profit for its first quarter that advanced from last year.

The company said its bottom line totaled $26.0 million, or $0.23 per share. This was up from $23.2 million, or $0.21 per share, in last year's first quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.7% to $437 million. This was down from $454 million last year.

VeriFone Systems, Inc earnings at a glance:

-Earnings (Q1): $26.0 Mln. vs. $23.2 Mln. last year.
-Earnings Growth (Y-o-Y): 12.1%
-EPS (Q1): $0.23 vs. $0.21 last year.
-EPS Growth (Y-o-Y): 9.5%
-Analysts Estimate: $0.23
-Revenue (Q1): $437 Mln vs. $454 Mln last year.
-Revenue Change (Y-o-Y): -3.7%

Next quarter EPS guidance: $0.27 - $0.28
Next quarter revenue guidance: $435 Mln

by RTT Staff Writer

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