Message Font: Serif | Sans-Serif
No. of Recommendations: 0

VeriFone Collects More Cash: Fool by Numbers
By Anders Bylund
September 6, 2006

On Aug. 31, electronic payments equipment maker VeriFone Holdings (NYSE: PAY) released Q3 2006 earnings for the period ended July 31.

Wider margins plus increased sales equals happy shareholders, and VeriFone delivers on both counts this time.
Share dilution is somewhat disappointing, though not outrageous. Those extra shares also complicate the finances a bit, accounting for $1.7 million of the operational costs.
Cash flows turned south because of a $40 million increase in inventories in the quarter. That's presumably a stock buildup in anticipation of a new product release in the next quarter, a touch-screen device that can accept EMV "smart card" payments......
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.