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VeriFone provides guidance for fiscal Q1, FY'17

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VeriFone provides guidance for fiscal Q1, FY'17

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.