warned after the close Wednesday that earnings and revenue for the second quarter ended June 30 will fall below previous guidance.
The domain registrar and security announced that it expects total revenue for the quarter to be in the range of approximately $315 million to $317 million, compared with prior guidance of $320 million to $330 million.
The Mountain View, Calif.-based company said pro forma earnings are now expected to be the range of 14 cents to 15 cents a share, as opposed to the previous forecast of 18 cents to 20 cents a share.
Analysts expect 18 cents a share in pro forma earnings on $319.77 million in revenue, according to Thomson Financial/First Call.
VeriSign was one of many software companies widely
expected to warn.The company has dropped more than 85% since the beginning of the year, hurt by a hemorrhaging of its
domain-name business and even by a connection to the
VeriSign ended the regular session up 16 cents, or 3.3%, at $4.99. In after-hours trading it was up 15%.