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Verifone (PAY) Stock Plunges in After-Hours Trading on Q3 Revenue, Reduced Forecast

NEW YORK (TheStreet) -- Shares of Verifone Systems (PAY) were diving 14.18% to $17.25 in after-hours trading on Thursday after the company posted weaker-than-expected revenue for the 2016 fiscal third quarter and cut its full-year guidance.

After today's closing bell, the San Jose, CA-based electronic payment solutions company reported adjusted revenue of $493 million. Analysts were expecting revenue of $516 million.

Adjusted earnings of 42 cents per diluted...