Excluding a one time charge VeriSign reports nice earnings for Q4.
VeriSign reported a loss for the fourth quarter of 2010 in earnings just released.
So how can the company that prints money with the .com and .net registry lose money?
It was a one time charge related to contingent interest on a special dividend that swung the company to a loss. Ignore this one time event and VeriSign had a great quarter thanks to rising domain registrations. The company earned and adjusted EPS of $.31 when the street was expecting $.30.
Year-on-year revenues rose 13% as the .com and .net base topped 105.2 million.
As I’ve said before, it’s not VeriSign you should blame for making so much money.
105 million domain names. Wow, that doesn’t seem possible – plus you have all the other extensions and the new ones coming on hopefully next year. What will it look like in 5 years I wonder?