VeriFone Systems Down 13.5% on Weak Q3 Guidance - Paymentus Holdings (NYSE:PAY)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

VeriFone Systems (NYSE: PAY) is trading lower on the session following its Q2 earnings announcement. The company reported an EPS of $0.64 vs $0.61 estimates and revenues $472M vs $471.82 million estimates. VeriFone guided Q3 EPS $0.68-0.70 vs $0.70 estimates and revenues $495-500 million vs $502.44 million.Douglas G. Bergeron, Chief Executive Officer stated: “We are very pleased with our performance, particularly the acceleration in organic growth and the increase in Hypercom-brand sales. We remain confident in our outlook for the year. VeriFone is continuing to prove that widespread incumbency combined with market-leading innovation is a winning formula for the payments marketplace.” VeriFone Systems is currently trading at $38.93, a loss of $6.07 or 13.49%.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!