VeriFone Systems, Inc Earnings Retreat 13% In Q3

(RTTNews) - VeriFone Systems, Inc (PAY) announced a profit for third quarter that decreased compared to the same period last year.

The company said its earnings came in at $40.4 million, or $0.36 per share. This was down from $46.3 million, or $0.42 per share, in last year's third quarter.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.3% to $467M. This was down from $493 million last year.

VeriFone Systems, Inc earnings at a glance:

-Earnings (Q3): $40.4 Mln. vs. $46.3 Mln. last year. -Earnings Decline (Y-o-Y): -12.7% -EPS (Q3): $0.36 vs. $0.42 last year. -EPS Decline (Y-o-Y): -14.3% -Analysts Estimate: $0.36 -Revenue (Q3): $467M vs. $493 Mln last year. -Revenue Change (Y-o-Y): -5.3%

-Guidance: Next quarter EPS guidance: $0.43 Next quarter revenue guidance: $470 - $473 Mln Full year EPS guidance: $1.30 Full year revenue guidance: $1.864 - $1.867 Bln