VeriFone Systems, Inc Profit Rises 12% In Q3

(RTTNews) - VeriFone Systems, Inc (PAY) announced earnings for its third quarter that rose from last year.

The company said its bottom line totaled $50.9 million, or $0.44 per share. This was higher than $45.3 million, or $0.40 per share, in last year's third quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $510 million. This was up from $476 million last year.

VeriFone Systems, Inc earnings at a glance:

-Earnings (Q3): $50.9 Mln. vs. $45.3 Mln. last year.

-Earnings Growth (Y-o-Y): 12.4%

-EPS (Q3): $0.44 vs. $0.40 last year.

-EPS Growth (Y-o-Y): 10.0%

-Analysts Estimate: $0.46

-Revenue (Q3): $510 Mln vs. $476 Mln last year.

-Revenue Change (Y-o-Y): 7.1%

-Guidance:

Next quarter EPS guidance: $0.47 - $0.48

Next quarter revenue guidance: $510 - $513 Mln

Full year EPS guidance: $1.82 - $1.83

Full year revenue guidance: $1.99 - $2.00 Bln