
Verifone Systems: After-Hours Trading
NEW YORK (
) -- 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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