VeriFone Holdings gives weak revenue guidance

VeriFone Holdings Inc., which makes payment processing equipment, on Tuesday offered revenue guidance for the second quarter that fell short of analyst predictions, but earnings expectations were in-line with analyst estimates.

The company said it expects a "challenging" fiscal year amid a weak economic environment.

For the fiscal second quarter ending April 30, VeriFone expects earnings of 14 cents to 18 cents per share on revenue of $205 million to $215 million.

Analysts polled by Thomson Reuters predict a profit of 18 cents per share on revenue of $224.5 million.

For the year, the company expects earnings of 60 cents to 85 cents per share on revenue of $830 million to $880 million.

Analysts expect a profit of 80 cents per share on revenue of $925.5 million.

San Jose, Calif.-based VeriFone also said Tuesday it recorded a fiscal first-quarter loss, mainly due to a charge stemming from the decline in value of some assets, but adjusted results beat analyst expectations. Revenue rose 15 percent to $214 million.

Shares rose 20 cents or 5.3 percent, to $4 during aftermarket trading, after finishing the trading day up 15 cents at $3.80.