VeriSign (VRSN -19.1%) opens sharply lower after missing Q3 EPS estimates and guiding on its...
Friday, October 26, 2012, 9:45 AM ETVeriSign (VRSN -19.1%) opens sharply lower after missing Q3 EPS estimates and guiding on its earnings call for 2012 revenue of $870M-$875M, mostly below an $874.8M consensus. The company mentioned Q3 domain name registry additions fell short of guidance due to search algorithm changes (presumably Google's) changing the "economics" of certain domain names, along with macro headwinds (particularly in Europe).
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