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VeriSign Loses Money (Sort Of) as .Com and .Net Top 105 Million
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Release time：2011-01-28
Browse：3626
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Excluding a one time charge VeriSign reports nice earnings for Q4.
VeriSign reported a loss for the fourth quarter of 2010 in earnings just released.
So how can the company that prints money with the .com and .net registry lose money?
It was a one time charge related to contingent interest on a special dividend that swung the company to a loss. Ignore this one time event and VeriSign had a great quarter thanks to rising domain registrations. The company earned and adjusted EPS of $.31 when the street was expecting $.30.
Year-on-year revenues rose 13% as the .com and .net base topped 105.2 million.
As I’ve said before, it’s not VeriSign you should blame for making so much money.Source from Domain Name Wire
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