Business Equipment

(XRX) Xerox Maintains Steady Dividend

Business process and document management company Xerox Corp. (XRX) recently declared a dividend of 5.75 cents per share or 23 cents on an annualized basis. The second quarter 2013 dividend is payable on Jul 31 to shareholders of record...

7Sep2013 | | Comments Off on (XRX) Xerox Maintains Steady Dividend | Continued

(PBI) Pitney Bowes to Divest Management Business

Recently Pitney Bowes Inc. (PBI) announced its plan to sell the management services business wing in the United Kingdom and Republic of Ireland to Swiss Post Solutions.

Swiss Post Solutions is a division of Swiss Post that offers...

5Jul2013 | | Comments Off on (PBI) Pitney Bowes to Divest Management Business | Continued

(XRX) Xerox’s Earnings Marginally Miss

Information technology services provider Xerox Corporation (XRX) reported GAAP earnings of $300 million or 23 cents per share in the first quarter of 2013 compared with $276 million or 19 cents in the year-ago quarter. The reported...

13May2013 | | Comments Off on (XRX) Xerox’s Earnings Marginally Miss | Continued

(PAY) VeriFone Systems Misses by a Penny

VeriFone Systems Inc (PAY) posted a net income of $26.9 million or 24 cents in the fourth quarter of 2012 compared with a net income of $37.7 million or 34 cents per share in the third quarter of 2012 and $198.8 million or $1.94 per...

18Dec2012 | | Comments Off on (PAY) VeriFone Systems Misses by a Penny | Continued

(PAY) VeriFone Systems to Upgrade PayLife System

VeriFone Systems, Inc. (PAY) recently inked an agreement with Austrian company PayLife to install new VeriFone VX 680 wireless solution and VX 825 PIN acceptance system to upgrade or replace the existing systems for monetary transactions.

VeriFone...

18Nov2012 | | Comments Off on (PAY) VeriFone Systems to Upgrade PayLife System | Continued

(PAY) Finish Line Deploys VeriFone Systems’ Solutions

VeriFone Systems, Inc. (PAY) recently announced that Indiana-based retailer The Finish Line (FINL) has deployed its mobile checkout and multimedia-driven countertop...

9Oct2012 | | Comments Off on (PAY) Finish Line Deploys VeriFone Systems’ Solutions | Continued

(PAY) VeriFone Systems Announces Preliminary Results

VeriFone Systems Inc. (PAY), an electronic payment solutions provider, recently reported preliminary results for the fourth quarter of 2011.

The company expects revenues between $409 million and $411 million, up from its previous...

1Dec2011 | | 0 comments | Continued

(XRX) Xerox Buys The Breakaway Group

Xerox Corp. (XRX) recently announced that one of its fully owned subsidiaries, Affiliated Computer Services (ACS), has acquired The Breakaway Group with the sole intent of expanding its electronic medical records business.  The terms...

1Dec2011 | | 0 comments | Continued

(PAY) VeriFone Systems Buys Point in Europe

VeriFone Systems, Inc. (PAY) has signed a definitive agreement with Nordic Capital Fund V to acquire European-based Point for approximately €600 million or $824 million. VeriFone will also retire Point’s debt of approximately €170...

15Nov2011 | | 0 comments | Continued

(XRX) Xerox Wins U.S Defense Contract

Xerox Corporation (XRX) recently bagged a five-year contract worth $103 million from the U.S Department of Defense.

As per the contract, the company will offer improved technology to the U.S Department of Defense in a bid to...

6Oct2011 | | 0 comments | Continued

(XRX) Xerox Exceeds Estimates in Second Quarter Earnings Report

Xerox Corporation (XRX) reported a net income of $319 million or 22 cents per share in the second quarter of 2011 compared with $227 million or 16 cents per share in the year-ago quarter.

Reported earnings in the quarter included...

4Aug2011 | | 0 comments | Continued

(PAY) VeriFone Systems Aquires South African-based Destiny Electronic Commerce

VeriFone Systems, Inc. (PAY) recently completed the acquisition of South African based Destiny Electronic Commerce Ltd.

Headquartered in Johannesburg with offices in Cape Town and Durban, Destiny Electronic Commerce provides...

3Jul2011 | | 0 comments | Continued

(XRX) Xerox and Cisco Systems Form Partnership

Xerox Corp. (XRX) and Cisco Systems Inc. (CSCO) have recently entered into a partnership that will enable the latter to use and offer the former’s cloud computing...

9May2011 | | 0 comments | Continued

(XRX) Xerox Stays at Neutral

We reiterate our Neutral recommendation on Xerox Corporation (XRX), which is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. Headquartered in Norwalk, Connecticut,...

7May2011 | | 0 comments | Continued

(XRX) Xerox Reports Profit that More than Doubles

Xerox Corporation (XRX) reported a profit that more than doubled to $314 million in the third quarter of the year from $150 million in the same quarter a year ago. On earnings per share basis, the company has beaten the Zacks Consensus...

17Nov2010 | | 0 comments | Continued

(PBI) Pitney Bowes Meets Quarterly Earnings Estimates

Pitney Bowes Inc. (PBI) reported earnings per share from continuing operations of 53 cents in the third quarter of 2010, just exceeding the Zacks Consensus Estimate of 52 cents. Revenues for the quarter came in at $1.3 billion, a decline...

7Nov2010 | | 0 comments | Continued

(XRX) Xerox Aquires Benefits Subsidiary of Hewlett-Packard to Expand BPO

Xerox Corporation (XRX) recently completed the acquisition of a subsidiary of Hewlett-Packard (HPQ). ExcellerateHRO LLP (“EHRO”), a benefits subsidiary of HP, has...

4Aug2010 | | 0 comments | Continued

(CSTR) Coinstar Incorporated – Bullish Outlook

Coinstar Inc (CSTR) soared to an all-time high after the latest earnings release. revenues have dramatically increased and analysts continue to raise their estimates.

Company Description

Most of you...

11May2010 | | 0 comments | Continued

(PAY) VeriFone Aquires Remaining Stake in VeriFone Transportation Systems

VeriFone Holdings, Inc. (PAY) announced the acquisition of the remaining minority interest in VeriFone Transportation Systems (VTS) and aligned all VTS operations within VeriFone’s Integrated Systems organization. Financial terms...

5Apr2010 | | 0 comments | Continued

(MLHR) Herman Miller Misses Earnings Expectations

Herman Miller Inc. (MLHR) posted fiscal 2010 third-quarter results on Wednesday. The company reported a net income of $8.3 million, compared to a net loss of $5.2 million in the year-ago quarter. Excluding special items, earnings...

18Mar2010 | | 0 comments | Continued

(PAY) VeriFone Holdings Earnings Scorecard

Following the release of better-than-expected first quarter results and an increase in guidance by VeriFone Holdings Inc. (PAY), we recently upgraded our rating on the stock to Outperform from Neutral.

Based in San Jose, California,...

17Mar2010 | | 0 comments | Continued

(PAY) VeriFone Holdings Incorporated – Bull of the Day

Over the past few quarters, VeriFone (PAY) experienced lower-than-expected revenue levels and a softer demand globally due to weak markets and adverse economic conditions. However, results for the fiscal first quarter were ahead of...

17Mar2010 | | 0 comments | Continued

(FEP) Energy Transfer Partners L.P. Builds New Pipeline

Construction has begun on the Fayetteville Express Pipeline (FEP), a 50/50 joint venture between Energy Transfer Partners L.P. (ETP) and Kinder Morgan Energy Partners L.P. (KMP).

With...

10Mar2010 | | 0 comments | Continued

(CATM) Cardtronics Incorporated – Solid Growth

Cardtronics (CATM) set records for revenue and cash flows leaving analysts optimistic about the company’s growth prospects.

Company Description

Cardtronics operates over 30,000 ATMs in the U.S.,...

3Mar2010 | | 0 comments | Continued

(PAY) VeriFone Holdings Tops Earnings Estimates

VeriFone Holdings Inc. (PAY) reported revenues of $223.4 million in the first quarter of fiscal 2010, up 2.6% sequentially and up 4.4% year over year. Systems Solutions generated revenues of $188.0 million, up 1.2% year over year....

3Mar2010 | | 0 comments | Continued

(PAY) VeriFone Holdings Wins Sberbank Order

VeriFone Holdings Inc. (PAY) announced that the company received a multimillion-dollar order for its payment solutions by Sberbank, Russia’s largest bank.

Sberbank, which ultimately intends to distribute approximately 130,000...

25Feb2010 | | 0 comments | Continued

(PBI) Pitney Bowes Earnings Exceed Consensus Estimates

Pitney Bowes Inc. (PBI) reported fourth quarter 2009 earnings per share from continuing operations of 64 cents per share, exceeding the Zacks Consensus Estimate of 61 cents. Revenue for the quarter was $1.5 billion, a decline of 6%...

5Feb2010 | | 0 comments | Continued

(XRX) Xerox Corporation – Analysts Have Submitted Eleven Upward Revisions

Xerox Corp. (XRX) pleased investors with its earnings release last week. Covering analysts continue to raise estimates making shares of XRX an even better value.

Company Description

Xerox Corp is well...

28Jan2010 | | 0 comments | Continued

(XRX) Xerox’s Earnings Report Outdoes Estimates

Xerox Corporation (XRX) has posted net income of $221 million or 25 cents per share (before special items) for the fourth quarter of the year. This was higher than the Zacks Consensus Estimate of 22 cents per share. However, net income...

21Jan2010 | | 0 comments | Continued

(PAY) VeriFone Holdings Launches New Initiative

VeriFone Holdings,Inc. (PAY) recently announced a strategic initiative to leverage its current and future payment assets into the rapidly growing payment-enabled media marketplace.

Management stated that consumers now want to...

5Jan2010 | | 0 comments | Continued