Verisign Q3 2023 EPS $1.83 Beats $1.81 Estimate, Revenue $376M Misses $378M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verisign has reported its Q3 2023 earnings per share (EPS) at $1.83, beating the estimate of $1.81. However, the company's revenue of $376M fell short of the estimated $378M.
October 26, 2023 | 8:14 pm
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Verisign's Q3 2023 earnings beat estimates but revenue fell short. This mixed result could lead to uncertain short-term price movements.
Verisign's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed revenue estimate is a negative signal that could pull the stock price down. These mixed signals create uncertainty about the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100