VeriFone Earnings Hindsight: Down 13.6% in Last 18 Days (PAY)
18 days ago, on December 13th, 2012, VeriFone (NYSE:PAY) reported its earnings. Analysts, on average, expected earnings of $0.76 per share on sales of $496.1 million. The company actually reported EPS of $0.76 on sales of $485.4 million, beating EPS estimates by $0.00 and missing revenue estimates by $10.7 million. Since the company's report, shares of VeriFone have fallen from $33.23 to $28.70, representing a loss of 13.6% in the past 18 days.
VeriFone share prices have moved between a 52-week high of $55.89 and a 52-week low of $27.33 and are now trading 5% above that low price at $28.70 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 0.6%.
SmarTrend is monitoring the recent change of momentum in VeriFone. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of VeriFone in search of a potential trend change.
Keywords: earnings flashbacks VeriFone