VeriFone Systems (PAY) gains on Q1 earnings

VeriFone Systems Inc. (NYSE: PAY) shares hiked 4.6% to $34.71. The company reported adjusted first-quarter earnings of 44 cents a share on revenue of $486 million. Analysts had expected 41 cents a share on revenue of $483.7 million. Share volume was 517,000, compared to an all-day average of 368,000