VeriSign reports Q3 results; earnings miss predictions

VeriSign reports Q3 results; earnings miss prictions

On Thursday, VeriSign posted third-quarter results where earnings missed, but revenue beat the market forecast. The firm reported revenue of $317.9 million and EPS of $1.28 as compared to earnings per share of $1.32 and revenue of $316.14 million. 

 

The US-based network infrastructure firm follows the footsteps of Intel and Taiwan Semiconductors, which also announces results recently and beat the experts’ predictions. 

 

VeriSign stocks are 8% high since the start of 2020, trading at $208.36, thus, down from its 52 weeks high point. The firm is performing better than the US index, the S&P 500, which is 6.94% from the start of 2020. 

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