VeriSign Q3 Profit Rises - Quick Facts

(RTTNews) - VeriSign, Inc. (VRSN) reported third-quarter net income of $80.90 million or $0.53 per share, compared to $77.91 million or $0.47 per share, last year. Adjusted income for the quarter was $90.02 million or $0.59 per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $243.68 million, from $223.53 million, last year. Analysts expected revenue of $240.61 million for the quarter.

Verisign expects to record an income tax benefit during the fourth quarter of 2013, ranging from approximately $300 million to $400 million.