VeriSign Q1 Earnings Review: Registrations From China Help Boost Revenues

+17.30%
Upside
190
Market
222
Trefis
VRSN: Verisign CA logo
VRSN
Verisign CA

VeriSign reported Q1 2016 earnings recently. The company fell short of consensus earnings estimates by one cent to post $0.82 for the quarter. Revenues were driven by nearly 10 million new domain name registrations in the quarter. Registrations were seen across the globe, both from developed and emerging markets. Activity from China greatly exceeded expectations this time around. However, the company expects activity from the region to normalize in the coming quarters.

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