VeriFone Tumbles After Another Weak Earnings Report

Posted on December 14, 2012 at 10:28 AM EST

Shares of VeriFone Systems (NYSE: PAY ) tumbled at the open on Friday following the release of the company's fourth quarter earnings. PAY traded down over 10 percent to a level it had not seen since October. The company's fourth quarter earnings were mixed, with earnings per share coming in line

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