VeriSign 3Q Profit Rises 25 Percent
Thursday November 1, 5:50 pm ET
VeriSign 3rd-Quarter Profit Up 25 Percent on Strength in 2 Business Units
MOUNTAIN VIEW, Calif. (AP) -- VeriSign Inc., which manages domain name registries for Web sites, said Thursday its third-quarter profit rose 25 percent on strength in two of its business units.
For the period ended Sept. 30, VeriSign posted a profit of $19 million, or 8 cents per share, compared with a profit of $15.3 million, or 6 cents per share, in the year-ago period. Excluding stock-based compensation and other one-time charges, income in the latest quarter was $66.1 million, or 27 cents per share.