VeriFone Systems Inc. provided guidance for the first fiscal quarter of 2017 and an outlook for fiscal year 2017.
For the first fiscal quarter of 2017, the company expects non-GAAP net revenues of approximately $450 million and non-GAAP net income of 20 cents per share.
The S&P Capital IQ consensus normalized EPS estimate for the quarter ending January 2017 is 36 cents.
For fiscal year 2017, VeriFone anticipates non-GAAP net revenues of $1.90 billion to $1.92 billion and non-GAAP net income of $1.35 to $1.39 per share. The S&P Capital IQ consensus normalized EPS estimate for fiscal year 2017 is $1.59.
For its fourth-quarter 2016 results, the company reported a net loss attributable to stockholders of $4.5 million, or a loss of 4 cents per share, compared with income of $38.2 million, or 33 cents per share, the prior year. Non-GAAP net income for the period was $33.1 million, or 30 cents per share, compared with $56.2 million, 49 cents per share, in the year-ago period.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 29 cents.