MOUNTAIN VIEW (dpa-AFX) - Verisign Inc. (VRSN) reported a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $167.3 million, or $1.54 per share. This compares with $147.7M, or $1.31 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.8% to $351.9M from $329.4M last year.
Verisign Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $167.3 Mln. vs. $147.7M. last year. -EPS (Q2): $1.54 vs. $1.31 last year. -Analyst Estimate: $1.52 -Revenue (Q2): $351.9M vs. $329.4M last year.
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