Verisign Inc. (NASDAQ: VRSN) reported Q4 EPS of $1.58, $0.37 better than the analyst estimate of $1.21. Revenue for the quarter came in at $307.45 million versus the consensus estimate of $308.64 million.

“2018 was a strong year for Verisign. The domain name base and revenues grew; we divested non-core assets; and we repurchased 4.4 million of our shares. Significantly, in October, we executed an amendment to the Cooperative Agreement with the Department of Commerce, which gives Verisign the approval to engage with ICANN to amend the .com Registry Agreement to allow Verisign to increase .com domain name registration and renewal fees. The amendment also provides regulatory reduction that allows for a standard renewal of the .com Registry Agreement, which occurs every six years, to proceed without review and approval by the Department of Commerce,” said Jim Bidzos, Executive Chairman, President and Chief Executive Officer.

GUIDANCE:

Verisign Inc. sees FY2019 EPS of $5.05.

For earnings history and earnings-related data on Verisign Inc. (VRSN) click here.