VeriSign Slips as Earnings Meet Expectations

Internet address database operator VeriSign (VRSN) Thursday evening reported sales and profit that met analysts expectations, and the stock is moving lower on the news. VeriSign reported sales of $377 million in revenue and 27 cents a share in profit, excluding some costs, in the three months ended Sept. 30, versus estimates for $376.26 million and 27 cents profit. The company did not provide a forecast for the current quarter.

VeriSign shares are down almost 2% at $31.67 after falling more than 5% during the regular session.

The company will hold a conference call with analysts at 5pm, Eastern.