Hypercom Corp.’s stock rose slightly in morning trading Feb. 16 after the payment-terminal maker reported preliminary fourth-quarter net revenue of $140 million, up 19% from a year earlier.
Hypercom’s shares were up 2% to $10.88 at about 11 a.m. CST.
Year-over-year growth across its geographic operations drove the increase, the company said. Scottsdale, Ariz.-based Hypercom said it expects to report diluted earnings per share of 4 cents to 6 cents for the quarter ended Dec. 31, up from 1 cent a year earlier.
The company, which plans to report final fourth-quarter results on March 2, is in the process of being acquired by competitor VeriFone Systems Inc. Earlier this week, Hypercom said the combined companies likely would generate about $2 billion in revenue next year.
