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New York, NY -- (SBWIRE) -- 10/26/2012 -- Verisign Inc. (NASDAQ:VRSN), the company that assigns Internet protocol addresses, reported third-quarter results that modestly beat estimates, but said that the Commerce Department may not renew a contract. It also lowered the top end of its full-year revenue outlook and now expects revenue between $870 million to $875 million. Third-quarter net income was $78 million, or 47 cents per share. Excluding items, it earned 50 cents per share. Revenue was $224 million. Analysts expected an adjusted profit of $49 cents per share, on revenue of $224 million.It reported third quarter adjusted net income of $0.50 per share after the close Thursday, up from $0.39 per share in the previous year. The consensus estimate was for EPS of $0.49. Revenues grew 13 percent to $223.53 million from $196.97 million last year.VeriSign has gapped open sharply lower Friday morning and is now down 8.83 at $37.77 on above average volume. The stock has plunged to a 4 1/2 month low.
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Down more than 18% in pre-market action, DECK (NASDAQ:DECK)was also hit with some bearish attention today, thanks to weaker-than-anticipated third-quarter revenue, along with a downwardly revised current-quarter forecast. The security was cut to "neutral" from "positive" at Susquehanna, and to "sector perform" from "outperform" at RBC, while Canaccord Genuity lowered its price target to $37 from $39. The equity has shed roughly 67% during the past year, yet near-term calls nearly double puts, as evidenced by DECK's Schaeffer's put/call open interest ratio (SOIR) of 0.59. This ratio is docked in the 19th annual percentile, indicating short-term traders have been more bullishly aligned toward the security less than one-fifth of the time over the past year.
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Goodyear Tire & Rubber Co. (NYSE:GT) Friday released the financial results for the third quarter ended 30 September 2012, reporting a drop in net income for the quarter on lower total revenues.One of the largest tire companies in the world reported net income available to common shareholders for the third quarter ended 30 September 2012 of $110 million, or $0.41 per diluted share, lower than net income of $161 million, or $0.60 per diluted share, reported for the corresponding third quarter of 2011.Total Sales for the third quarter declined to $5.26 billion from $6.06 billion reported for the same quarter in the previous year.Analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share on revenues of $5.87 billion for the quarter. Analysts' estimates typically exclude special items.
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Columbia Laboratories Inc (NASDAQ:CBRX) soared 17.53% and closed at $1.14 on a traded volume of 1.55 million shares.The 52-week range for the stock is $0.61 and $2.96. The Company has a Price / Sales ratio of 3.65 and Price/Book ratio of 3.02. The 50-Day Moving Average and 200-Day Moving Average prices are $0.96 and $. 82 respectively. The Company is engaged in the research, development, and commercialization of women’s healthcare and endocrinology products.
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