VeriFone Slides After Cutting 2016 Profit, Sales Forecasts

  • Profit will be $1.64 to $1.65 a share. Previous outlook: $1.85
  • ‘Difficult but temporary’ market, EMV issues, CEO Galant Says

VeriFone Systems Inc., one of the world’s largest makers of credit card and electronic-payment hardware, tumbled Friday after cutting its full-year profit and sales forecasts for a second straight quarter on weakening demand.

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