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VeriSign: 1Q Earnings Snapshot

VeriSign: 1Q Earnings Snapshot

Associated Press

RESTON, Va. (AP) _ VeriSign Inc. (VRSN) on Thursday reported first-quarter net income of $162.5 million.

The Reston, Virginia-based company said it had profit of $1.35 per share. Earnings, adjusted for pretax gains, were $1.31 per share.

The internet infrastructure services provider posted revenue of $306.4 million in the period.

VeriSign shares have climbed 28 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. In the final minutes of trading on Thursday, shares hit $189.64, a rise of 60 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRSN at https://www.zacks.com/ap/VRSN