Investing.com - VeriSign (NASDAQ:VRSN) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
VeriSign announced earnings per share of $1.42 on revenue of $312.5M. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $312.88M. That with comparison to EPS of $1.31 on revenue of $306.41M in the same period a year before.VeriSign had reported EPS of $1.31 on revenue of $310.54M in the previous quarter.Analysts are expecting EPS of $1.31 and revenue of $313.56M in the upcoming quarter.
VeriSign shares are down 6% from the beginning of the year and are trading at $212.82 , down-from-52-week-high.They are outperforming the CAC 40 which is down 26.02% year to date.
VeriSign follows other major Technology sector earnings this month
VeriSign's report follows an earnings beat by Intel on Thursday, who reported EPS of $1.45 on revenue of $19.83B, compared to forecasts EPS of $1.28 on revenue of $18.63B.
Taiwan Semiconductor had matched expectations on Thursday, April 16, 2020 with first quarter EPS of $0.75 on revenue of $10.32B, compared to forecast for EPS of $0.75 on revenue of $10.32B.
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