VeriSign Q2 EPS $1.79 Beats $1.75 Estimate, Sales $372.00M Miss $373.10M Estimate
Portfolio Pulse from saritha@benzinga.com
VeriSign (NASDAQ:VRSN) reported Q2 earnings of $1.79 per share, beating the analyst consensus estimate of $1.75 by 2.29%. This is a 16.23% increase from the same period last year. However, the company's quarterly sales of $372.00 million missed the analyst consensus estimate of $373.10 million by 0.29%, though it's a 5.71% increase from last year.
July 27, 2023 | 8:06 pm
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NEUTRAL IMPACT
VeriSign's Q2 earnings beat estimates but sales missed, indicating mixed performance. The stock may experience short-term volatility.
VeriSign's earnings beat and sales miss could lead to mixed reactions from investors, potentially causing short-term volatility in the stock price. The overall impact is neutral as the positive earnings result is offset by the negative sales result.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100