VeriSign Profit Misses Estimates

(RTTNews) - VeriSign Inc (VRSN), the provider of domain names and Internet security, on Thursday reported first-quarter net earnings of $88.2 million or $0.66 per share compared with $94.4 million or $0.64 per share last year.

Excluding items, adjusted earnings for the quarter were $0.74 per share.

Revenues for the quarter were $258.4 million compared with $248.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.75 per share on revenues of $259 million for the quarter. Analysts' estimates typically exclude special items.

The company's operating margin for the quarter fell to 55.8 percent from 56.1 percent a year ago.