MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
Dec 13 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.
Shares of the company fell 7 percent to $30.81 in extended trading on Thursday.
VeriFone expects adjusted net income of between 70 cents to 73 cents per share for the first quarter ending Jan. 31.
Analysts were expecting 75 cents, according to Thomson Reuters I/B/E/S.
Net income fell to $27 million, or 24 cents per share, for the fourth quarter ended Oct. 31, from $198.8 million, or $1.84 per share, a year earlier.
Net revenue rose 18 percent to $485.4 million.
ISTANBUL, Sept 24 Ratings agency Moody's cut Turkey's sovereign credit rating to "junk," citing worries about the rule of law after an attempted coup and risks from a slowing economy, in a move that could deter billions of dollars of investment.
ISTANBUL, Sept 24 Credit ratings agency Moody's Investor Service has downgraded Turkey's sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy.