VeriSign Earnings Beat In Q1 on Income Tax Benefit

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VeriSign announced earnings per share of $1.42 on revenue of $312.5M. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $312.88M. That with comparison to EPS of $1.31 on revenue of $306.41M in the same period a year before. VeriSign had reported EPS of $1.31 on revenue of $310.54M in the previous quarter. Analysts are expecting EPS of $1.31 and revenue of $313.56M in the upcoming quarter.

VeriSign shares are down 6% from the beginning of the year , still down 4.04% from its 52 week high of $221.78 set on July 15, 2019. They are outperforming the CAC 40 which is down 26.02% year to date.

VeriSign’s report follows an earnings beat by Intel on Thursday, who reported EPS of $1.45 on revenue of $19.83B, compared to forecasts EPS of $1.28 on revenue of $18.63B.

Taiwan Semiconductor had matched expectations on April 16 with first quarter EPS of $0.75 on revenue of $10.32B, compared to forecast for EPS of $0.75 on revenue of $10.32B.

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