VeriFone (PAY): FQ3 EPS of $0.75 beats by $0.05. Revenue of $493M (+56% Y/Y) misses by $5M
More on VeriFone's FQ3: The payment processor notes forex is hurting results, but gives no further explanation for the revenue miss. FQ4 guidance is for revenue of $495M-$500M and EPS of $0.75-$0.77 vs. a consensus of $520.2M and $0.74. Also, Latin American revenue is expected to fall to $65M-$75M from FQ3's $94.4M due to "isolated events," before rebounding to $90M-$95M in FQ1. North American sales +7.2% Q/Q, but EMEA (41% of total) only +0.5%. PAY -10% AH
More on VeriFone's FQ3: The payment processor notes forex is hurting results, but gives no further explanation for the revenue miss. FQ4 guidance is for revenue of $495M-$500M and EPS of $0.75-$0.77 vs. a consensus of $520.2M and $0.74. Also, Latin American revenue is expected to fall to $65M-$75M from FQ3's $94.4M due to "isolated events," before rebounding to $90M-$95M in FQ1. North American sales +7.2% Q/Q, but EMEA (41% of total) only +0.5%. PAY -10% AH
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