Shares of VeriFone Systems rallied 2.5% in premarket trade Thursday, after the electronic-payments company reported better-than-expected fiscal third-quarter results. For the quarter ended July 31, losses widened to $29 million, or 26 cents a share, from $1.9 million, or 2 cents a share, a year earlier. Excluding non-recurring items, the per-share profit came in at 40 cents, beating the FactSet consensus analyst estimate of 35 cents. Sales rose 14% from last year to $476 million, topping analyst forecasts of $459 million. For the fourth quarter, VeriFone expects adjusted per-share earnings of 39 cents to 40 cents and sales of $478 million to $483 million, compared with analyst projections of 42 cents and $472 million, respectively. VeriFone shares have run up 29% so far this year, while the S&P 500 has gained 8.2%.

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