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VeriSign Earnings inline, Revenue Beats In Q2

Published 07/23/2020, 04:07 PM
© Reuters.  VeriSign Earnings inline, Revenue Beats In Q2
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Investing.com - VeriSign (NASDAQ:VRSN) reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.

VeriSign announced earnings per share of $1.32 on revenue of $314.4M. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $313.33M.

VeriSign shares are down 45% from the beginning of the year , still down 6.95% from its 52 week high of $221.30 set on June 2. They are under-performing the STOXX 600 which is down 10.15% from the start of the year.

VeriSign follows other major Technology sector earnings this month

VeriSign's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.38 on revenue of $36.43B.

Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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