RESTON, Va. (AP) _ VeriSign Inc. (VRSN) on Thursday reported third-quarter net income of $137.7 million.
The Reston, Virginia-based company said it had net income of $1.13 per share. Earnings, adjusted for stock option expense, were $1.23 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The internet infrastructure services provider posted revenue of $305.8 million in the period.
VeriSign shares have increased 19 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1 percent. In the final minutes of trading on Thursday, shares hit $136.11, a rise of 26 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRSN at https://www.zacks.com/ap/VRSN