VeriSign (VRSN) Q2 Earnings Top Estimates, Revenues Up Y/Y
Zacks Investment Research | Jul 25, 2019 11:38PM ET
VeriSign (NASDAQ:VRSN) reported second-quarter 2019 non-GAAP earnings of $1.33 per share that beat the Zacks Consensus Estimate by 4 cents and increased 12.7% from the year-ago quarter.
Revenues increased 1.3% year over year to $306.3 million.
Quarter Details
VeriSign ended the reported quarter with 156.1 million .com and .net domain name registrations, up 4.3% year over year. The figure reflects a net increase of 1.34 million registrations during the quarter.
The company processed 10.3 million new domain name registrations for .com and .net compared with 9.6 million in the year-ago quarter.
Notably, renewal rates are not fully measurable until 45 days after the end of the quarter. The final .com and .net renewal rate for the first quarter of 2019 was 75% compared with 75.3% for the same quarter in 2018.
VeriSign, Inc. Price, Consensus and EPS Surprise
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