Reglikedomain industry desk

Money (Sort Of) as .Com and .Net Top 105 Million — VeriSign Loses

Excluding a one time charge VeriSign notes nice earnings for Q4.

VeriSign noted a loss for the fourth quarter of 2010 in earnings just released.

So how can the firm that prints money with the .com and .net registry lose money?

It was a one time charge related to contingent interest on a special dividend that swung the firm to a loss. Ignore this one time event and VeriSign had a great quarter thanks to rising domain registrations. The firm earned and adjusted EPS of $.31 when the street was expecting $.30.

Year-on-year revenues rose 13% as the .com and .net base topped 105.2 million.

As I’ve stated ahead of, it’s not VeriSign you ought to blame for making so much money.

Also on the wire

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