VeriSign, Inc. VRSN shares are buying and selling increased on Friday after the corporate reported better-than-expected first-quarter earnings on Thursday after the market closed.
What To Know: The corporate reported earnings per share of $2.10, beating analysts’ estimate of $2.09. As well as, the corporate reported gross sales of $402.30 million, beating analysts’ estimate of $400.44 million.
VeriSign reported money movement from operations of $291 million. It additionally ended the quarter with $649 million in money, money equivalents and marketable securities.
The corporate initiated a quarterly money dividend of 77 cents per share.
Outlook: The corporate raised its gross sales steering for fiscal-year 2025. It beforehand anticipated gross sales from $1.61 billion to $1.64 billion. It now expects gross sales from $1.64 billion to $1.65 billion, versus analysts’ estimate of $1.62 billion.
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VRSN Value Motion: On the time of writing, VeriSign shares are buying and selling 8.43% increased at $273.88, in accordance with knowledge from Benzinga Professional.
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