VeriSign, Inc. (VRSN) reported fourth-quarter net income of $65.47 million or $0.48 per share, compared to $292.15 million or $1.94 per share, prior year. The company's prior year fourth quarter included an income tax benefit related to a worthless stock deduction, pre-tax non-operating gains from the sale of certain cost-method investments, and an income tax expense related to estimated taxable income generated in the U.S. as a result of a planned repatriation of offshore assets in 2014, which collectively increased net income by $217.8 million and increased EPS by $1.45. Operating earnings per share was $0.70, for the fourth quarter of 2014.
On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.72 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $255.92 million from $245.63 million last year. Analysts expected revenue of $256.70 million for the quarter.
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