Proprietary Report with Analysis on Verifone Payments-Related Performance.
The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018 on the horizon.
Furthermore, during the second quarter, Verifone formed a 50/50 joint venture by combining . . .