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. The stock is now down 2.36 on 1.9 million shares.
VeriFone Systems steadily declined during the first 2 hours of trade Wednesday and closed down by 1.14 at $21.95. The stock fell to a 1-month low.
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