Verisign reported earnings after the market closed today.
VeriSign, Inc. reported revenue of $173 million from continuing operations for the 3rd quarter of 2010, up 2% from the prior quarter and up 10% from the same quarter in 2009.
VeriSign reported net income of $785 million or $4.48 per share for the 3rdquarter of 2010, reflecting a net gain of $737 million, net of tax of $244 million, on the sale of the Authentication Services business.
This compared to net income attributable to VeriSign, Inc. stockholders of $54 million and earnings per share attributable to VeriSign, Inc. stockholders of $0.28 on a diluted basis in the same quarter in 2009.
VeriSign reported segment revenue for Naming Services of $172 million for the third quarter of 2010, up 3% from the prior quarter and up 11% from the same quarter in 2009.
VeriSign ended the 3rd quarter with Cash, Cash Equivalents, Marketable Securities and Restricted Cash of $2.55 billion, an increase of $1.21 billion from the prior quarter and an increase of $1.12 billion from the same quarter in 2009.
VeriSign Registry Services ended the quarter with approximately 103.5 million active domain names in the adjusted zone for .com and .net, representing a 9% increase year-over-year.
In the 3rd quarter, VeriSign added 7.5 million new domain name registrations, representing a 7% increase year-over-year.
Of course what is missing from the report is that VeriSign got to also raise their prices 7% from last year, greatly contributing to their increase in operating revenue.
Shares of VeriSign are up fractionally in after market trading