Investing.com - VeriSign (NASDAQ:VRSN) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
VeriSign announced earnings per share of $1.31 on revenue of $310.5M. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $309.75M. That with comparison to EPS of $1.58 on revenue of $307.45M in the same period a year before. VeriSign had reported EPS of $1.36 on revenue of $308.42M in the previous quarter. Analysts are expecting EPS of $1.4 and revenue of $320.41M in the upcoming quarter.
VeriSign shares are up 12.73% from the beginning of the year , still down 2.06% from its 52 week high of $221.78 set on July 15, 2019. They are outperforming the Nasdaq 100 which is up 7.31% year to date.
VeriSign follows other major Technology sector earnings this month
VeriSign's report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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