Outlook roundup: VeriFone Systems

Outlook roundup: VeriFone Systems tanks on weak forecast

Associated Press

Among the earnings projection stories for Wednesday, Feb. 20, from the AP Financial Desk:

NEW YORK (AP) -- Shares of VeriFone Systems Inc. plunged about 33 percent in aftermarket trading Wednesday after the electronic payment company forecast first- and second-quarter results well below what Wall Street was expecting. It attributed the weak outlook to a slew of problems in many of its markets.

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