Verisign ( NASDAQ: VRSN) announced earnings today, they exceeded expectations and the stock is up over 5% in after hours trading.
For domain investors the news most interesting is that the price of .coms are going up. The price hike will take .com wholesale pricing to $8.39.
The company ended the fourth quarter with 165.2 million .com and .net domain name registrations in the domain name base.
Q4 non-GAAP net income was $157 million, or $1.38 per share, on revenue of $320.28 million. Wall Street was looking for earnings of $1.29 on revenue of $320.35 million.
For the full FY 2020, non-GAAP net income was $612 million, or $5.15 per share, on revenue of $1.2 billion.
If they beet earning expectations, it means that the expectations were set too low, intentionally or unintentionally.
No that’s not actually how that works. Analyst on the street set their expectations and companies meet, exceed or fail to meet every quarter.
Any news on .Web again? We are about to past “early next year” to Mid next year when they told us last year.