MOUNTAIN VIEW, Calif.—Wireless content and technology vendor VeriSign Inc. reported revenues for the third quarter that were virtually identical to its results from the same quarter a year ago, but withheld profit-and-loss statistics due to the company’s internal review of its stock-option practices.
VeriSign is one of a number of companies reviewing its stock-option practices.
The company said it earned revenues of $399.8 million for the quarter, just $100,000 more than the $399.7 million the company reported during the same quarter a year ago.
In VeriSign’s Communications Services Group, which houses much of the company’s wireless efforts, VeriSign reported revenues of $203 million in the third quarter—down from the $238 million the business scored in the same quarter a year ago. The company’s Jamba/Jamster business, which sells content to end users, generated $73 million in revenues, while VeriSign’s business-two-business efforts in content garnered $16 million in revenues.
VeriSign said it ended the quarter with a base of about 9.3 million wireless billing customer subscribers, up 29 percent year over year.
The company’s stock remained relatively unchanged after the news at about $20 per share.
VeriSign’s review of its stock options practices is expected to be completed by the end of the year.
