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    Internet company Verisign returns to 4Q profit

    Associated Press – Thu, Jan 26, 2012

    RESTON, Va. (AP) — Internet services company VeriSign Inc. said Thursday that it made money in the fourth quarter, reversing a year-ago loss as revenue rose 14 percent.

    VeriSign, which manages traffic to websites and collects domain-registration fees, said net income was $53.8 million, or 34 cents per share, compared with a loss of $40.5 million, or 23 cents per share, in the last three months of 2010. The company said that excluding items such as stock-based compensation expense, it would have earned 40 cents per share.

    Revenue rose to $203.6 million from $178.8 million.

    Analysts surveyed by FactSet expected the company to earn 41 cents per share on revenue of $203.8 million.

    The company said its registry services ended the quarter with 113.8 million active domain names ending in .com and .net, a gain of 8 percent. It added 7.9 million new domain-name registrations, a 4 percent increase.

    The shares fell 49 cents, or 1.4 percent, to close at $35.92 before the results. Shares dipped another 2 cents in after-hours trading.

     

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