Gemalto profits hit by crummy US card sales, dials back expectations by, oh, €100m

Gemalto warned on Wednesday that its first-quarter revenues will be between 7 to 9 per cent lower compared to the same period of 2016. The firm blamed weak sales in its US payment business for the revenue shortfall. Payment card revenue for the full year 2017 is estimated to be around €100 million lower than its initial …