By: Benzinga
VeriFone Jumps to Profit in Q1; Stock Surges 9%
Shares of VeriFone Systems (NYSE: PAY ) were surging on Wednesday after the company reported a profit for its fiscal first-quarter. The stock had plunged on February 21, after the company issued a profit warning. VeriFone said that its results would be effected by poor conditions in Europe, lower
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