VeriFone Systems Inc (PAY.N)
17 May 2013
|Market Cap (Mil.):||$2,438.09|
|Shares Outstanding (Mil.):||108.65|
March 11 - Credit card swipe machine maker VeriFone Systems Inc said Chief Executive Douglas Bergeron will step down from his position, effective March 12.
NEW YORK, March 11 - VeriFone Systems Inc : * Shares up 6.2 percent in extended trading
NEW YORK, March 5 - VeriFone Systems Inc : * Shares were down 2.6 percent after the bell following the release of its results.
- Shares of credit card swipe machine maker VeriFone Systems Inc nearly halved in value after the company slashed its profit outlook, with analysts questioning why management was so off with its forecasting when peers were not doing so badly.
* "Management credibility has been lost" - SunTrust Robinson (Adds details, updates share price)
SAN FRANCISCO, Dec 21 - A U.S. appeals court on Friday revived a proposed securities class action against VeriFone Systems Inc over its 2007 restatement of results, ruling that the lawsuit properly alleged VeriFone Chief Executive Douglas Bergeron was "reckless" as to the truth of financial reports.
SAN FRANCISCO, Dec 21 - A U.S. appeals court revived a proposed securities class action against VeriFone Systems Inc over a 2007 restatement, ruling that the plaintiff investors properly alleged that VeriFone executives were "reckless" as to the truth of financial reports.
* Survivors will be companies that offer other services-CEO
* Sees first-quarter adj profit $0.70 to $0.73/share vs est $0.74
- Credit card swipe machine maker VeriFone Systems Inc forecast smaller-than-expected earnings for the current quarter after reporting a lower fourth-quarter profit as a fire in its Brazilian unit hurt sales.
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