25 Oct '12, 8pm

Verisign Reports: 119.9 .Com/Net Registrations; .Com Contract Still Pending & Stock Is Down 10%

VeriSign, Inc. ( NASDAQ : VRSN ), reported financial results for the third quarter ended Sept. 30, 2012 today after the market closed and the news disappointed the market as shares are down over 11% in after market trading, a huge move for a stock like Verisign. VeriSign, Inc. (“Verisign”) reported revenue of $224 million for the third quarter of 2012, up 13% from the same quarter in 2011. Verisign reported net income of $78 million and diluted earnings per shares (EPS) of $0.47 for the third quarter of 2012, compared to net income of $59 million and diluted EPS of $0.36 for the same quarter in 2011. The operating margin was 51.9 percent for the third quarter of 2012 compared to 45.2 percent for the same quarter in 2011. Financial Highlights Verisign ended the third quarter with Cash, Cash Equivalents, Marketable Securities and Restricted Cash of $1.50 billion, an increase...

Full article: http://www.thedomains.com/2012/10/25/verisign-reports-119...

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