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VeriSign's Losses Widen

Stock quotes in this article: VRSN , MFE , SYMC  

SAN FRANCISCO --- Digital infrastructure services company VeriSign(VRSN Quote) reported higher losses in the second quarter in part because of restructuring-related charges.

The company posted net loss of $68 million, or 35 cents a share, that included a $92 million non-cash impairment charge and restructuring charges of $98 million. That compares with a net loss of $4.7 million, or 2 cents a share the year before.

Excluding charges, it reported net income of $49.8 million, or earnings of 25 cents a share, beating analysts' estimates by 2 cents. ...

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