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GoDaddy: 3Q Earnings Snapshot

November 6, 2018

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Tuesday reported third-quarter net income of $13.2 million.

The Scottsdale, Arizona-based company said it had net income of 8 cents per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The cloud-based technology products developer posted revenue of $679.5 million in the period, surpassing Street forecasts. Ten analysts surveyed by Zacks expected $673.8 million.

GoDaddy expects full-year revenue of $2.66 billion.

GoDaddy shares have risen 44 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $72.50, a climb of 54 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDDY at https://www.zacks.com/ap/GDDY

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