Reuters: Global Markets: VeriFone third-quarter forecast disappoints market

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VeriFone third-quarter forecast disappoints market Jun 5th 2013, 21:10 Wed Jun 5, 2013 4:18pm EDT (Reuters) - VeriFone Systems Inc (PAY.N), a maker of credit card swipe machines, reported quarterly results below analysts' estimates, hurt by weak spending by customers. The company's shares were down about 10 percent at $19.80 in extended trading. The net loss attributable to the company was $58.4 million, or 54 cents per share, in the second quarter, compared with a profit of $3.5 million, or 3 cents per share, a year earlier. Excluding items, the company earned 42 cents per share. Revenue fell 10 percent to $426.3 million. Analysts had expected earnings of 47 cents per share on revenue of $440.3 million, according to Thomson Reuters I/B/E/S.

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