NEW YORK (

TheStreet

) -- Shares of

Verifone Systems

(PAY)

rose in extended trading on Thursday after the electronic payments technology company topped Wall Street expectations for its fiscal fourth-quarter results.

San Jose, Calif.-based Verifone posted an adjusted profit of $36.1 million, or 40 cents a share, for the three months ended Oct. 31, up from year-ago equivalent earnings of $22 million, or 26 cents a share, and 4 cents ahead of the average estimate of analysts polled by

Thomson Reuters

.

Revenue rose 27% year-over-year to $276 million, besting Wall Street's consensus view of $262.7 million. Verifone also gave a bullish outlook for the first quarter ending in January, forecasting non-GAAP earnings of 38 to 39 cents a share on revenue ranging from $265 million to $270 million.

For the whole of fiscal 2011, it sees non-GAAP earnings of $1.60 to $1.70 a share on revenue of between $1.13 billion and $1.15 billion. Those views compare to average analyst expectations for per-share profits of 35 cents and $1.59, respectively.

The stock was last quoted at $38, up 3.4%, on volume of nearly 250,000, according to

Nasdaq.com

. Based on a regular session close of $36.76. the shares have risen almost 120% so far in 2010. Thursday's session saw the stock hit a new 52-week peak of $37.08 with volume of 2.9 million running at more than double the issue's trailing three-month average.

Yingli Green Energy Holding Corp.

A raft of new orders from the Chinese government sparked buying in

Yingli Green Energy

(YGE)

after Thursday's closing bell.

The shares were quoted up 2.8% at $10.46 in late trades with around 61,000 shares trading hands. The stock finished on Thursday at $10.18, down 37% year-to-date, but it has seen a bounce since sinking to its 52-week low of $8.31 on June 8.

After the close, Beijing-based Yingli said it's been tabbed as a "major" photovoltaic, or PV, module supplier for China's Golden Sun program. The company said 272 megawatt PV projects were announced under the program in November, and it expects to supply about 70% of those PV modules. It sees the majority of related shipments taking place in the second half of 2011.

--

Written by Michael Baron in New York.

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Michael Baron

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