NEW YORK (TheStreet) -- Shares of Verifone Systems (PAY) were higher in mid-afternoon trading on Wednesday ahead of the company's 2016 fiscal third quarter results due out after the market close tomorrow.

Analysts are projecting that earnings will decline year-over-year, while revenue will increase compared to last year.

Wall Street is forecasting that the San Jose, CA-based electronic payment solutions company will report earnings of 40 cents per share on revenue of $515 million.

During the same period a year ago, Verifone earned 47 cents per diluted share on revenue of $510 million.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

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The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity.

But the team also finds weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: PAY

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