Shares of VeriFone Systems Inc (NYSE:PAY) ended Wednesday session in green amid volatile trading. The shares closed up +0.09 points or 0.58% at $15.62 with 3.74 million shares getting traded. Post opening the session at $15.65, the shares hit an intraday low of $15.50 and an intraday high of $15.81 and the price vacillated in this range throughout the day. The company has a market cap of $1.68 billion and the numbers of outstanding shares have been calculated to be 110.97 million shares.
VeriFone Systems Inc (PAY) on September 2, 2016 announced financial results for the three months ended July 31, 2016.
Third Quarter Financial Highlights
- GAAP net revenues of $488 million and Non-GAAP net revenues of $493 million
- GAAP net loss per diluted share of $0.28
- Non-GAAP net income per diluted share of $0.42
- Operating cash flow of $13 million
“We made real progress during the third quarter in further repositioning Verifone, building our services business and bringing our new devices to market. Despite this progress, Q3 was a challenging quarter for Verifone on revenues. We moved decisively to reduce our cost structure, and those initial efforts helped us exceed our revised EPS target,” said Paul Galant, Chief Executive Officer of Verifone. “We are managing through what we believe are difficult but temporary local market and lingering EMV adoption issues. Our outlook for Q4 now assumes a significantly slower EMV rollout, and we are projecting fiscal year 2017 consolidated revenues to be approximately 3% below fiscal year 2016 levels. That said, we are relentlessly executing the long-term vision for Verifone to transform from a box shipper to a services provider.”
Shares of Kellogg Company (NYSE:K) ended Wednesday session in green amid volatile trading. The shares closed up +0.30 points or 0.39% at $77.58 with 1.58 million shares getting traded. Post opening the session at $77.38, the shares hit an intraday low of $76.90 and an intraday high of $77.71 and the price vacillated in this range throughout the day. The company has a market cap of $26.86 billion and the numbers of outstanding shares have been calculated to be 350.26 million shares.
Kellogg Company (K) on Sept. 19, 2016 announced a voluntary recall of approximately 10,000 cases of Kellogg’s® Eggo® Nutri-Grain® Whole Wheat Waffles because they have the potential to be contaminated with Listeria monocytogenes. No other Eggo products are impacted by this recall.
Listeria monocytogenes can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women.
The company has received no reports of illness to date but is taking this action as part of its commitment to the health and safety of the people who eat its foods.