VeriFone Systems Inc (NYSE: PAY) reacquired some of its stock strength on Friday. VeriFone posted in-line earnings for its third quarter. However, the company issued a weak outlook for the fourth quarter.
The San Jose-based company announced Thursday GAAP and Non-GAAP net revenues of $467 million, with 7% sequential growth in Services. Its GAAP net loss per diluted share was $0.63, reflecting restructuring and divestiture charges.
CEO Paul Galant said, “In the third quarter, the Verifone team delivered solid financial results, made progress on divesting non-core businesses, and achieved our launch objectives for next generation products. We continue to grow Verifone’s annuity services business by partnering with our clients to connect more of their device footprint to our payments and commerce services platform.”
Friday, Verifone announced it would be taking part in the Deutsche Bank Technology Conference this coming Wednesday in Las Vegas. The following Wednesday, Verifone will also participate in a panel discussion at the Barclays European Payments and FinTech Forum on Wednesday London
Verifone is a global leader in payments and commerce solutions, powered by a growing footprint of more than 30 million devices in over 150 countries at the last inch of consumer payments.
Shares took on 18 cents to $19.61 before the closing bell on Friday, within a 52-week trading range of $14.94 to $20.98