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Verisign Inc. Q1 Income Climbs 6%

Verisign Inc. (VRSN) released a profit for its first quarter that climbed from last year.

The company said its bottom line climbed to $118.91 million, or $0.96 per share. This was higher than $112.26 million, or $0.85 per share, in last year's first quarter.

Analysts had expected the company to earn $0.94 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.4% to $288.61 million. This was up from $281.88 million last year.

Verisign Inc. earnings at a glance:

-Earnings (Q1): $118.91 Mln. vs. $112.26 Mln. last year.
-Earnings Growth (Y-o-Y): 5.9%
-EPS (Q1): $0.96 vs. $0.85 last year.
-EPS Growth (Y-o-Y): 12.9%
-Analysts Estimate: $0.94
-Revenue (Q1): $288.61 Mln vs. $281.88 Mln last year.
-Revenue Change (Y-o-Y): 2.4%

by RTTNews Staff Writer

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