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VeriFone Systems Inc
) posted a net income of $37.7 million or 34 cents per share in the
third quarter of 2012 compared with $14.5 million or 3 cents per
share in the second quarter of fiscal 2012 and $26.4 million or 28
cents per diluted share in the year-ago quarter.
Excluding one-time charges but including stock-based
compensation expense, net income came in at 64 cents per share,
beating the Zacks Consensus Estimate of 61 cents.
VeriFone reported revenues of $489 million, up 54.2% year over
year and 3.6% sequentially.
Based in San Jose, California, VeriFone designs, markets and
services a transaction automation system that facilitates
electronic payments between consumers, merchants and financial
Excluding amortization of step-down in deferred revenue on
acquisition, revenues came in at $493 million, up 56.0% annually
and 2.9% quarter over quarter. Revenues, however, were below
management's guidance of $495 million - $500 million.
Organic revenues, which exclude net revenues from businesses
acquired in the past 12 months, grew 16% from the year-ago quarter.
North America grew 9% organically. International revenues grew 21%
organically as core demand remained strong across all geographies
except Brazil.
On a segment basis, System Solutions generated revenues of
$350.2 million, up 38.1% year over year. Services revenues soared
119.3% year over year to $138.8 million.
In Europe, the Middle East and Africa (EMEA), revenues grew 109%
year over year and 16% organically. Latin American sales were
robust as the region recorded a 45% growth on a year-over-year
VeriFone has integrated both Point and Hypercom acquisitions
into its operations smoothly. On January 4, 2012, VeriFone
completed the acquisition of Point, one of Northern Europe's
largest providers of payment and gateway services and solutions for
Based in Stockholm, Point provides payment and gateway services
and solutions for retailers in Northern Europe. Founded in 1988,
the company has operations in 11 Northern European countries and
currently serves a captive network with over 475,000 merchants.
Nordic Capital acquired Point in 2004.
The company continues to bundle encryption services, content and
advertising, gateway services, e-commerce capabilities and
cloud-based retail application processing, which provides it with
an edge over other competitors. VeriFone has begun the process of
rolling out Point's payment as-a-service offering beyond Point's
traditional markets.
Gross margin (excluding stock-based compensation and one-time
items) came in at 45%, flat with the previous quarter, and up from
43% in the year-ago quarter. Including these items, gross
margins came in at 42% compared with 41% in the previous quarter
and 42% in the year-ago quarter.
Operating margin came in at 23.0%, up from 21.3% in the previous
quarter and 19.1% in the year-ago quarter. VeriFone generated $82
million of cash from operating activities and exited the quarter
with cash and equivalents of $409.8 million, down from $361.0
million at the end of the previous quarter.
Management remains concerned about the potential impact of a
declining euro and other currencies when converted into U.S.
For the fourth quarter, VeriFone expects to report net revenues
between $495 million and $500 million. Excluding stock-based
compensation, net income per diluted share is projected between 75
cents and 77 cents.
For fiscal 2012 (including 10 months of Point revenues),
VeriFone expects to report net revenues between $1.893 billion and
$1.898 billion, down from the previous guidance of $1.900 billion -
$1.925 billion. Excluding stock-based compensation, net
income per diluted share is projected between $2.73 and $2.75, up
from the earlier projection of $2.60 - $2.66.
For fiscal 2013, revenues are estimated between $2.05 billion
and $2.10 billion. Excluding stock-based compensation, net income
per diluted share is projected between $3.25 and $3.30.
We continue to maintain a Neutral recommendation on VeriFone. In
the short-run, we have a Zacks #4 Rank on the stock which
translates into a short-term rating of Sell.
The weaker-than-expected sales and disappointing guidance led to
an 11.02% decline in stock price to $31.48 in afterhours trading.
In regular trading, the stock was down 1.90%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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EMCOR is a proven global leader in electrical construction services – it's where we come from. Every day, coast to coast, we apply our technical expertise toward meeting the electrical challenges of facilities for virtually any industry or sector. We design. We install. We resolve.
EMCOR provides expert advice on the design of electrical systems to ensure constructability and maintainability, as well as install AC/DC power systems, alternative power solutions, intelligent highway systems, building plant and lighting, cable tray installations, explosion-proof systems, supervisory control and data acquisition (SCADA) systems, and more.
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subset: commoncrawl


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The 2012 Turpin boys cross country team advanced to the regional finals after the second-place finish in the Cincinnati District A race at Mason Oct. 20. The varsity team includes, from left: Max Patty, Andrew Patty, Drew Kiracofe, Sam Kissing, coach Jim Gossett, Tanner Sotkiewicz, Alaeldin Tirba, and Dallas Parnigoni. The Patty brothers, Kiracofe and Turba return in 2013.
- Filed Under
They pound the pavement to run on the grass. Cross country teams in the Forest Hills Journal coverage area often hit the streets in the summer, frequently outpacing rush hour commuters languishing at traffic lights.
The training is just about over as the season begins in August.Anderson
Anderson High School finds itself in a rebuilding mode. That's OK with head coach Andy Wolf. ...


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Logan Kyre of Olivet in the hurdles in the KVA Conference track meet.
- Filed Under
The Olivet girls' track team finished first in the Kalamazoo Valley Association track meet, held at Olivet High School on Tuesday.
Olivet won with a team score of 163.75. Pennfield finished sixth (52), Galesburg-Augusta seventh (48), Maple Valley eighth (42) and Delton Kellogg finished ninth (41.75).
For Olivet, Emily Nelson won the shot put with a throw of 33-feet, 10.5-inches, Hayley Walkowski won the long jump at 16-1.75, Renae Morton took first in the 100 meter hurdles with a time of 16.89 seconds, Teona Feldpausch won the 800 with a time of 2:32.60 and the 1,600 relay team of Morgan ...


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Mountain lion|
Poor mountain lion. But the man should defend himself. - Larry Starr Sarasota
AM 730 KWOA serves the AM radio listener area in Southwest Minnesota and Northwest Iowa with area news, sports and weather.
WORTHINGTON – Minnesota West Community and Technical College Worthington Campus will host a "Celebrations Around the World" event Friday, coupled with a special showing by Pioneer Public Television of a preview of Season 4 of its popular "Downton Abbey" program.
The Celebrations Around the World event begins at 5 p.m. and has a fee, which is a donation to the Minnesota West Foundation. The event is focused around the different cultures in the area, and will include approximately 25 booths. Each guest will be able to taste foods and beverages from the booths. Tickets for Celebrations Around the World, which is part of the Culture Corner and in collaboration with the Nobles County Integration Collaborative, can be purchased the night of the event.
The Downtown Abbey show is free and begins at 7 p.m. in the Center for the Performing and Fine Arts. People are encouraged to contact Roxanne Hayenga at 372-3468 to reserve a seat.
SIOUX COUNTY, Iowa - A large male mountain lion was shot and killed late Friday afternoon in a wooded area near the Rock River approximately four miles south of Rock Valley in Sioux County.
The mountain lion was first spotted by a hunter checking his trail camera Thursday evening. When the cat, sitting about 40 yards away did not move, the man slowly backed away and called a neighbor. Returning to the spot, the mountain lion was still in the same place, but walked away from a buck it had recently killed. The men then called Conservation Officer John Sells.
Sells checked the area on Friday afternoon and was able to verify the lion from paw prints and photos on the trail camera. The cat was hidden in the area and did not move until the other man nearly stepped on it. Both Sells and the other man then shot and killed the mountain lion.
Sells said the decision to shoot the lion was based on its proximity to houses, approximately eight within a mile, and the fact that the cat was not exhibiting normal behavior of trying to avoid humans.
Within a minute of having shot the lion, Sells said a school bus come down the gravel road and dropped off kids at the nearby house. The children all began sledding in an open area right next to the kill site and would have been playing less than 200 yards from where lion had been.
The mountain lion weighed an estimated 160 to 180 pounds.
SPENCER, Iowa - The Spencer Chamber of Commerce is issuing a warning about a scam. Chamber officials say a representative of a business calling itself "American Business Link Online" called a Spencer business recently claiming it had subscribed to an internet service with a two-month free trial period. Since the business didn't cancel it was then billed for 12 months of services at $599.
The representative agreed to a reduced payment of $300. Chamber officials say the business learned of the scam and was able to stop payment on the check. Others having similar experiences should contact their local law enforcement agency.
IOWA - The Iowa Department of Natural Resources is warning people to be on the lookout for aeration systems that have been started up on several area lakes and the open water and thin ice that's associated with them.
Systems are in operation on Five Island Lake in Palo Alto county, Ingham Lake in Emmet county and Center and Silver Lakes in Dickinson county.
The systems are designed to create open water and increase oxygen levels in shallow lakes to reduce the likelihood of fish kills.
MONTEVIDEO - A federal judge presiding over the case of an alleged bomb-maker from Montevideo has ruled that prosecutors can't use some of the defendant's statements at trial because FBI agents went too far in their initial questioning of the suspect.
Buford ``Bucky'' Rogers was arrested in May in what the FBI called ``a terror plot.'' He was indicted on four felony charges, including three counts of possessing homemade bombs. He is scheduled to go to trial Jan. 13.
FBI agents had questioned Rogers before advising him of his right to remain silent. While that's allowed in cases where there's an imminent threat to public safety, U.S. District Judge Ann Montgomery said Friday the agents' line of questioning was unrelated to public safety.
Rogers was arrested May 3, the same day authorities said they found two Molotov cocktails, a pipe bomb and two black powder-and-nails devices when they raided his parents' mobile home.
The government accuses Rogers of being part of a tiny militia plotting to blow up Montevideo's police station and raid a National Guard armory.
However, Rogers was not charged with terrorism-related offenses. Rogers' public defender has said his client wanted to protect the country from a violent Mexican drug cartel he believed had moved into the area.
Poor mountain lion. But the man should defend himself. - Larry Starr Sarasota


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The Jewish holidays - Rosh Hashanah and Yom Kippur - are just around the corner. As part of our ongoing series that brings Smith Mag's fantastic Six-Word Memoir Project to life, 92YTribeca's Rabbi-In-Residence Dan Ain took the stage at last week's "Oy! Only Six? Why Not More?" a Six-Word Story Show on The Jewish Life.
His six-word memoir? "Beat Your Chest, Repeat After Me." Lucky for you, we got it on tape. Above is Rabbi Dan's take on High Holidays past and present. Curious? Check out 92YTribeca's services led by none other than Rabbi Dan himself. More info, and tickets, here.
[Tribeca's High Holidays with Rabbi Dan Ain with Cantorial Soloist Amanda Soled]
» Follow and Connect with 92YTribeca on Twitter, Facebook and more!


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November 28, 2015
RENO, NV - The next three days will be like the last three. Expect sun and highs in the upper 90°s with some wind each afternoon.
By Saturday we have a slight chance for rain. Sunday brings us a better chance for not only rain but a few thunderstorms as well. The weekend also brings slightly cooler temperatures but highs should still be a little warmer than average. Average = 93°
Click Here to access the online Public Inspection File
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.


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/**/ /* ! */
- The Finsiders – Miami Dolphins - http://www.thefinsiders.com -
In Case You Missed It, 12/16
Posted By Jon Cope On December 16, 2013 @ 8:43 pm In Football | 1 Comment
[1]On Monday, the Dolphins players enjoyed another Victory Monday in Davie following Sunday's huge 24-20 win over the Patriots [2] at Sun Life Stadium.
The Dolphins' coaching staff met with reporters and discussed many of the key elements of the dramatic win over New England. Also, The Finsiders provided complete analysis of Ryan Tannehill, Michael Thomas and other players who had tremendous performances in the big win.
Tomorrow, the team begins practice for this week's game against the Bills in Buffalo as the Dolphins will look remain perfect in December and avenge a week eight loss to the Bills.
In case you missed it, here's all of Dolphins.com's coverage of today's action in Davie:
Playoff Picture: Dolphins Control Own Destiny [3]
AC In The AM: Huge Hurdle Cleared In Victory Over The Patriots [4]
Makeshift Secondary Delivered When It Counted; Other Notes [5]
Press Release: Miami Dolphins Statement On Richie Incognito [6]
Coach Philbin: Our Guys Made Plays To Win The Game [7]
VIDEO: Ryan Tannehill Highlights Vs. Patriots [8]
VIDEO: Philbin Reviews Film Of Win Over Patriots [9]
VIDEO: Sherman Praises Tannehill & Offense In Win Vs. Pats [10]
VIDEO: Coyle Breaks Down Key Defensive Plays [11]
AUDIO: O.J. McDuffie & The Finsiders Recap Win Over Patriots [12]
AUDIO: Finsiders Live Show, 12/16, Fins-Pats Recap [13]
Article printed from The Finsiders – Miami Dolphins: http://www.thefinsiders.com
URL to article: http://www.thefinsiders.com/blog/2013/in-case-you-missed-it-1216
URLs in this post:
[1] Image: http://www.thefinsiders.com/blog/2013/in-case-you-missed-it-1216/attachment/121613-wilson660
[2] Sunday's huge 24-20 win over the Patriots: http://www.miamidolphins.com/news/article-1/Dolphins-Solve-The-Patriots-In-Dramatic-Fashion/257b8a12-dc44-4668-a9a9-eb6c4a536c53
[3] Dolphins Control Own Destiny: http://www.thefinsiders.com/blog/2013/playoff-picture-dolphins-control-own-destiny
[4] Huge Hurdle Cleared In Victory Over The Patriots: http://www.thefinsiders.com/blog/2013/andy-cohen-huge-hurdle-cleared-in-victory-over-patriots
[5] Makeshift Secondary Delivered When It Counted; Other Notes: http://www.miamidolphins.com/news/article-1/Makeshift-Secondary-Delivered-When-It-Counted-Other-Notes/6addf9b5-8cdf-4563-9b65-ce91b118b88a
[6] Miami Dolphins Statement On Richie Incognito: http://www.miamidolphins.com/news/press-releases/article-1/PRESS-RELEASE-Dolphins-Statement-On-Richie-Incognito/aeb5bff7-f20c-46e9-8e23-e8502dc366fa
[7] Coach Philbin: Our Guys Made Plays To Win The Game: http://www.miamidolphins.com/news/article-1/Coach-Philbin-Our-Guys-Made-Plays-To-Win-The-Game/71f9a464-e41a-4dc5-b753-935f133830d6
[8] Ryan Tannehill Highlights Vs. Patriots: http://www.miamidolphins.com/multimedia/videos/Ryan-Tannehill-Highlights-Vs-Patriots/aa295723-53ad-4602-8fdc-215ed7b7ba68
[9] Philbin Reviews Film Of Win Over Patriots: http://www.miamidolphins.com/multimedia/videos/Philbin-Reviews-Film-Of-Win-Over-Patriots/636a35d5-b288-4303-8220-3ef9cec8b53a
[10] Sherman Praises Tannehill & Offense In Win Vs. Pats: http://www.miamidolphins.com/multimedia/videos/Sherman-Praises-Tannehill--Offense-In-Win-Vs-Pat/84ec3b40-0f50-42cd-afbf-73a91e136f01
[11] Coyle Breaks Down Key Defensive Plays: http://www.miamidolphins.com/multimedia/videos/Coyle-Breaks-Down-Key-Defensive-Plays/3388df07-e39d-459a-9167-01081f9c3de1
[12] O.J. McDuffie & The Finsiders Recap Win Over Patriots: http://www.miamidolphins.com/multimedia/audio/Finsiders-Recap-Win-Over-Patriots/701b8df9-0f08-4869-b953-6c603698b8a5
[13] Finsiders Live Show, 12/16, Fins-Pats Recap: http://www.miamidolphins.com/multimedia/audio/Finsiders-Show-1216-Fins-Pats-Recap/af2a31b9-cb2e-4872-9cbe-fd8a17ebf191
Click here to print.
Copyright © 2010 The Finsiders. All rights reserved.


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Beckett Heads to Disabled List
Sitting on the best record in baseball at 7-0, the righty is recovering from a torn flap of skin on his middle pitching finger which he injured in the fourth inning of last Sunday's 6-5 win over the Baltimore Orioles. Beckett (2.66 ERA) is the first Boston starter to land on the DL this season.
In a related move, right-hander Devern Hansack will be recalled from the AAA Pawtucket Sox for his second stint with Boston. He was called up in the beginning of May when reliever Mike Timlin went on the DL, allowing one run in 2/3 of an inning in his only appearance.
[Hartford Courant] | [SOX & Dawgs]
Posted by Sooze on 5/18/2007
Tags: Boston Red Sox, Injury Update, Josh Beckett, Sooze
2 comments:
- Bassmaster said...
Rub some dirt on it!
- Friday, May 18, 2007
Entertaining as a Yankees girl!!
- Friday, May 18, 2007
Subscribe to: Post Comments (Atom)


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