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Fly News Breaks for September 4, 2015
PAY
Sep 4, 2015 | 08:29 EDT
Stifel believes that VeriFone reported "impressive" Q3 results, with "solid," better than expected revenue and strong underlying trends. The firm says that the company's overall guidance was "somewhat disappointing," but it thinks the miss was mostly caused by foreign exchange fluctuations, and it believes the guidance could be conservative. The firm was impressed by the company's guidance for 3% growth, and it is now more confident in the company's outlook. It reiterates a Buy rating on the shares.
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