Verisign Inc. (VRSN) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $194.1 million, or $1.92 per share. This compares with $178.7 million, or $1.70 per share, in last year's first 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 5.5% to $384.3 million from $364.4 million last year.
Verisign Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $194.1 Mln. vs. $178.7 Mln. last year.
-EPS (Q1): $1.92 vs. $1.70 last year.
-Revenue (Q1): $384.3 Mln vs. $364.4 Mln last year.
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