VeriFone Jumps to Profit in Q1; Stock Surges 9%
March 06, 2013 at 14:56 PM EST
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
