Edition:
United States

Verifone reports Q2 loss per share of $0.80


Thursday, 8 Jun 2017 04:02pm EDT 

June 8 (Reuters) - Verifone Systems Inc :Verifone reports financial results for second quarter of fiscal 2017.Q2 non-GAAP earnings per share $0.30.Q2 GAAP loss per share $0.80.Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.Sees Q3 2017 non-GAAP earnings per share $0.35 to $0.36.Sees FY 2017 non-GAAP earnings per share $1.32 to $1.34.Sees Q3 2017 GAAP earnings per share about $0.14 to $0.15.Sees FY 2017 GAAP loss per share about $0.51 to $0.53.Sees FY 2017 revenue about $1.861 billion to $1.866 billion.Q2 revenue $474 million versus I/B/E/S view $472.6 million.Divesting three non-strategic businesses to reallocate resources and capital to core payments and commerce platform.Sees FY ‍non-GAAP net revenues of approximately $1.865 billion to $1.870 billion​.Sees GAAP and non-GAAP net revenues of approximately $463 million to $465 million in Q3.FY2017 earnings per share view $1.37, revenue view $1.91 billion -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.40, revenue view $483.3 million -- Thomson Reuters I/B/E/S.Intends to divest China business into locally-owned and operated company in which verifone will continue to hold a minority interest.Full-year guidance now reflects deconsolidation of financial expectations attributable to China in second half of 2017.