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UPDATE: VeriSign Q4 Profit Surges 96%

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VeriSign rallies after Q4 beat, buyback hike, strong domain name growth (Seeking Alpha)

VeriSign (NASDAQ: VRSN) reported a 96% surge in its fourth-quarter earnings.

VeriSign's quarterly profit rose to $105.6 million, or $0.65 per share, from $53.8 million, or $0.34 per share, in the year-ago period. Excluding special items, it earned $0.59 per share.

Its revenue rose 13% to $230.2 million. However, analysts were expecting earnings of $0.51 per share on revenue of $229 million.

Its operating margin rose to 58.8% from 45.6%.

VeriSign shares gained 1.28% to $40.50 in after-hours trading.

Posted-In: profitEarnings News


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