Verisign's Q3 revenue slightly beats estimates
VRSN•Verisign's third-quarter revenue rose 5.7% year over year to $443 million, slightly above the $440.57 million estimate. Diluted EPS increased to $2.35 from $2.27 a year earlier, and the company repurchased 700,000 shares for $189 million.
1. Quarterly results
Verisign reported third-quarter revenue of $443 million, up 5.7% year over year and slightly above the $440.57 million analyst estimate. Diluted EPS was $2.35, compared with $2.27 a year earlier.
2. Registrations and buybacks
The .com and .net domain name base grew 6.1% year over year to 182.5 million registrations, including 13.1 million new registrations during the quarter. Verisign repurchased 700,000 shares for $189 million.
3. No specific outlook
The company did not provide specific guidance for future quarters or the full year in its press release.
