VeriSign Inc
- VeriSign Inc. dropped 2.2% to $247.00 after the domain name services provider reported first-quarter 2025 results.
Revenue edged up 4.7% to $402.3 million from $384.3 million, net income jumped to $199.3 million from $194.1 million, and diluted earnings per share rose to $2.10 from $1.92 a year ago.
During the quarter, the company repurchased 1.0 million shares for a total of $230 million, and as of March 31, there was $793 million remaining for repurchases in authorization.
The company proposed a cash dividend of 77 cents per share, payable on May 28 to shareholders on record as of May 19.
VeriSign guided fiscal 2025 revenue to be between $1.63 billion and $1.65 billion, compared to $1.56 billion in 2024, and operating income between $1.11 billion and $1.12 billion, compared to $1.06 billion a year earlier.
Apr 25, 2025
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