Rochester, NY 8/8/2009 12:05:29 AM
VeriSign, Inc. VRSN, Q2 profits posted on rising revenues
VeriSign, Inc.
VeriSign is enjoying a rebound from last year's loss on restructuring change.
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VeriSign, based in Mountain View, CA operates some of the key components of the the Internet. There are directories on the web that tell computers how to find websites, properly deliver e-mail, VeriSign operated many of the core directories, earning were $34.9 million, 18 cents per share, this compared to a loss of $69.2 million (same period) last year. The last year period included $85 million in restructuring changes.
Results still feel short of street predictions, forecasting 32 cents per share, but revenue expectation were exceeded, this according to Thomson Reuters. Estimates/forecast will usually not factor in one-time expenses.
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