NEW YORK (TheStreet) -- Verifone Systems (PAY) shares are declining, down 1.69% to $32.63 in after hours trading on Tuesday, after the company released its first quarter earnings results after the closing bell today.

The San Francisco-based secure electronic payment systems provider beat analysts first quarter earnings and revenue expectations but the company's second quarter outlook missed consensus guidance.

The company said that it expects to earn between 41 cents and 42 cents per share in the current quarter on revenue between $485 million and $489 million. Analysts on average are expecting the company to report earnings of 45 cents per share on revenue of $506 million.

For the just concluded first quarter, the company reported earnings of 44 cents a share on revenue of $486 million, topping analysts' 41 cents a share on revenue of $483.7 million guidance.

TheStreet Ratings team rates VERIFONE SYSTEMS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate VERIFONE SYSTEMS INC (PAY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: PAY Ratings Report

PAY

data by

YCharts