VRSN

Verisign Inc. Bottom Line Climbs In Q4, Beats estimates

(RTTNews) - Verisign Inc. (VRSN) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $264.7 million, or $2.60 per share. This compares with $179.5 million, or $1.70 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $380.4 million from $369.2 million last year.

Verisign Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $264.7 Mln. vs. $179.5 Mln. last year. -EPS (Q4): $2.60 vs. $1.70 last year. -Analyst Estimate: $1.86 -Revenue (Q4): $380.4 Mln vs. $369.2 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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