You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Market Movers

VeriFone reports loss but outlook shines

One analyst lifted his rating of VeriFone to outperform.

Aaron M. Sprecher/Bloomberg

One analyst lifted his rating of VeriFone to outperform.

Continue reading below

Shares of VeriFone Systems Inc., which makes terminals for electronic payments, rose Friday despite the company’s report of a third-quarter loss. Adjusted results, however, beat Street predictions. The San Jose, Calif.-based company also issued a strong guidance for the current period, saying that it expects to post a profit of 25 cents per share, matching the average analyst estimate. Revenue is expected to total between $418 million and $422 million, ahead of expectations of $411.8 million. VeriFone also said 2014’s first quarter should show “modest” growth over October-quarter results.

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week