VeriFone Systems ( PAY) said Monday that CEO Douglas Bergeron was stepping down after 12 years with the maker of terminals for electronic payments. VeriFone warned last month that first-quarter earnings and revenue would be below expectations. He said many of the troubles were "self-inflicted," and could lead to possible executive changes. "Now is the right time for new leadership to take the baton and continue to drive the company forward," Bergeron said in a statement Monday. 4 Stocks Spiking on Unusual Volume
Yum! Brands ( YUM) reported Monday a decline of 20% in its same-store sales in China for January and February, but that was better than the company's forecast of a 25% drop. The company's sales in China have been hurt in recent months by a food scare over its chicken suppliers. Yum! owns KFC, Taco Bell and Pizza Hut restaurants.
KKR ( KKR) is considering teaming with other private-equity firms to pursue a buyout of Life Technologies ( LIFE), The Wall Street Journal reported, citing people familiar with the matter. At least two other strategic buyers, Danaher ( DHR) and Thermo Fisher Scientific ( TMO) are weighing bids for biotech firm Life Technologies, according to other people, the newspaper said. Life Technologies is valued at $12.5 billion.
Urban Outfitters ( URBN) posted fourth-quarter net income of $82.5 million, or 56 cents a share, compared with year-earlier earnings of $39.3 million, or 27 cents a share. Revenue in the quarter rose to $856.8 million from $730.6 million. Analysts were expecting earnings of 57 cents a share on revenue of $850.5 million.
Dole Food ( DOLE) is expected by analysts Tuesday to post a fourth-quarter loss of 2 cents a share. 5 Stocks Set to Soar on Bullish Earnings
Bon-Ton Stores ( BONT) is forecast by Wall Street to report fourth-quarter earnings of $3.57 a share on revenue of $1.04 billion.
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