On Monday, VeriFone Systems Inc (NYSE:PAY)‘s shares inclined 0.21% to $38.25.
VeriFone Systems Inc (PAY) is set to report second quarter fiscal 2015 results on Jun 4, after the market closes. Last quarter, the company posted a positive earnings surprise of 15.63%. The company has delivered positive surprises in the trailing four quarters, with an average beat of 17.97%.
Factors to Consider
In the last quarter, VeriFone posted strong results with both the top and bottom lines surpassing expectations. However, the company lowered its non-GAAP revenue and earnings guidance for fiscal 2015.
Further, VeriFone anticipates an enhance of 30% in the EMV terminals market after the EMV chip card fraud liability shift of Oct 2015, which will make it mandatory for merchants to install EMV-capable terminals. Rising demand for terminal solutions will likely bode well for the company, especially with the entry of tech giants like Apple Inc. AAPL and Samsung in the mobile payments industry.
VeriFone is also benefiting from its planned partnerships and acquisitions. In the quarter, the company partnered with First Data Corp., Harbortouch and renewed its alliance with Heartland Payment Systems HPY which is likely to drive growth over the long run. Additionally, the company attained GoPago, which is a positive.
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, in addition to support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools.
Nordic American Tanker Ltd (NYSE:NAT)’s shares gained 1.08% to $13.05.
Nordic American Tanker Ltd (NAT) declared that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to 2.5 million of NAO`s outstanding common stock over the next two years. The authorization is effective right away. There are 23,431,370 NAO shares in issue.
NAO intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws. The timing and the amount of any repurchases will be determined by the Company`s administration and Board based on its evaluation of market conditions, capital allocation alternatives, and other factors. The share repurchase program does not require the Company to acquire any specific number of shares and may be modified, suspended, extended or terminated by the Company at any time without prior notice. NAO will execute purchases only during periods when the executive team and the Board of Directors are not aware of material nonpublic information that would likely affect a seller`s decision to sell.
Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, counting two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
At the end of Monday’s trade, Eclipse Resources Corp (NYSE:ECR)‘s shares dipped -0.95% to $6.24.
Eclipse Resources Corp (ECR) provide an operational update and declare its participation in the following investor conferences:
- Tuesday June 2, 2015 (New York, NY)- RBC Capital Markets Global Energy and Power Executive Conference. Benjamin Hulburt, Chairman, President and CEO, will present and host a breakout session at 1:35 pm Eastern Time.
- Wednesday June 24, 2015 (Pittsburgh, PA)- DUG East Conference. Benjamin Hulburt, Chairman, President and CEO, will present and host a breakout session at 10:55 am Eastern Time.
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company owns interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2014, it had an acreage position approximating 221,700 net acres in Eastern Ohio. The companys estimated proved reserves comprised of 355.8 billion cubic feet of natural gas equivalent. Eclipse Resources Corporation was founded in 2011 and is headquartered in State College, Pennsylvania.
Pan American Silver Corp. (USA) (NASDAQ:PAAS), ended its Monday’s trading session with -0.64% loss, and closed at $9.38.
Pan American Silver Corp. (USA) (PAAS) regrets to report that two employees sustained fatal injuries in a single vehicle accident involving a water truck at the Company’s Manantial Espejo mine in Santa Cruz, Argentina, on Saturday, May 23, 2015.
Emergency crews and local authorities were right away notified and attended the scene. Investigations into the cause of the incident are ongoing and operations at the mine remain temporarily curtailed.
Pan American Silver Corp., together with its auxiliaries, operates and develops, and explores for silver producing properties and assets in Mexico, Peru, Argentina, and Bolivia. The company also produces and sells gold, zinc, lead, and copper. It holds interests in the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo, and San Vicente mines. The company was founded in 1979 and is headquartered in Vancouver, Canada.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
