Verifone Systems Inc. released its financial guidance for its fiscal second quarter ending April 30 and its results for the fiscal first quarter ended Jan. 31.
The company expects EPS of 8 cents to 9 cents and non-GAAP EPS of 27 cents to 28 cents for the fiscal second quarter. It expects GAAP and non-GAAP net revenues of about $435 million for the period.
The S&P Capital IQ consensus normalized EPS estimate for the fiscal second quarter is 28 cents.
For fiscal 2018, Verifone Systems continues to expect EPS of 66 cents to 69 cents and non-GAAP EPS of $1.47 to $1.50. GAAP net revenues is expected in the range of $1.79 billion to $1.81 billion. Non-GAAP net revenues, adjusted to exclude divested businesses, is projected to come in at between $1.78 billion and $1.80 billion.
The consensus normalized EPS estimate for fiscal 2018 is $1.49, according to S&P Capital IQ.
Verifone Systems reported net income attributable to shareholders for the quarter ended Jan. 31 was $7.3 million, or 6 cents per share, compared to a net loss attributable to shareholders of $16.6 million, or a loss of 15 cents per share, in the prior-year quarter.
Non-GAAP net income attributable to shareholders was $26.0 million, or 23 cents per share, compared with $23.2 million, or 21 cents per share, in the year-ago fiscal quarter.
Excluding divested businesses, non-GAAP net income attributable to shareholders was $25.4 million, or 23 cents per share, compared with $27.5 million, or 25 cents per share, in the year-ago fiscal quarter.
The S&P Capital IQ consensus normalized EPS estimate for the fiscal quarter was 22 cents.
