By Yasin Ebrahim
Investing.com - VeriSign (NASDAQ:VRSN) reported Thursday fourth quarter results that topped expectations as climb in domain name registrations underpinned growth.
VeriSign was flat in aftermarket hours.
VeriSign announced earnings per share of $1.48 on revenue of $340.31 million. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $339.34 million.
Verisign ended the fourth quarter of 2021 with 173.4 million .com and .net domain name registrations in the domain name base, a 5.0% increase from the end of the fourth quarter of 2020, and a net increase of 1.37 million registrations during the fourth quarter of 2021.
The company approved an additional authorization for share repurchases of approximately $705 million of common stock, which brings the total amount to $1.0 billion authorized and available under the company's share repurchase program.
VeriSign's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95 billion, compared to forecasts EPS of $1.9 on revenue of $119 billion.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73 billion, compared to forecast for EPS of $2.32 on revenue of $50.74 billion.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar