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Verisign Inc. Q1 adjusted earnings Beat Estimates

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

The company's bottom line totaled $134.26 million, or $1.09 per share. This compares with $116.76 million, or $0.94 per share, in last year's first quarter.

Excluding items, Verisign Inc. reported adjusted earnings of $132.08 million or $1.07 per share for the period.

Analysts had expected the company to earn $1.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $299.29 million from $288.61 million last year.

Verisign Inc. earnings at a glance:

-Earnings (Q1): $132.08 Mln. vs. $118.91 Mln. last year.
-EPS (Q1): $1.07 vs. $0.96 last year.
-Analysts Estimate: $1.05
-Revenue (Q1): $299.29 Mln vs. $288.61 Mln last year.

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