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.