After missing on earnings Verisign stock off over 5% today

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Verisign Earnings

VeriSign (VRSN) came out with quarterly earnings of $1.31 per share, they missed on Zacks Consensus Estimate of $1.34 per share. Last year they had earnings of $1.58 per share a year. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.24%. A quarter ago, it was expected that this internet infrastructure services provider would post earnings of $1.31 per share when it actually produced earnings of $1.36, delivering a surprise of 3.82%.

The stock is currently down over 5%

Verisign Earnings

Full report

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

Comments

  1. Mark Thorpe says

    Here ICANN, take $20 million so we can increase .COM prices.
    We need to increase our earnings and shareholder value. We don’t care about domain name owners having to pay more for their domain(s), like yourself.