** charts before earnings **
** charts after earnings **
VeriFone beats by $0.02, misses on revs; guides Q4 EPS below consensus, revs below consensus; guides FY16 EPS below consensus, revs in-line :
- Reports Q3 (Jul) earnings of $0.42 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.40; revenues fell 3.3% year/year to $493 mln vs the $515.79 mln Capital IQ Consensus.
- "We are managing through what we believe are difficult but temporary local market and lingering EMV adoption issues. Our outlook for Q4 now assumes a significantly slower EMV rollout, and we are projecting fiscal year 2017 consolidated revenues to be approximately 3% below fiscal year 2016 levels. That said, we are relentlessly executing the long-term vision for Verifone to transform from a box shipper to a services provider."
- Co issues downside guidance for Q4, sees EPS of $0.28-0.29, excluding non-recurring items, vs. $0.50 Capital IQ Consensus Estimate; sees Q4 revs of $460 mln vs. $536.46 mln Capital IQ Consensus Estimate.
- Co issues guidance for FY16, sees EPS of $1.64-1.65, excluding non-recurring items, vs. $1.85 Capital IQ Consensus Estimate; sees FY16 revs of $2.0 bln vs. $2.1 bln Capital IQ Consensus Estimate.
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