Web.com posts 1Q net income of $6.5 million
May. 04, 2017
JACKSONVILLE, Fla. (AP) — Web.com Group Inc. (WEB) on Thursday reported first-quarter net income of $6.5 million.
The Jacksonville, Florida-based company said it had profit of 13 cents per share. The company did not provide information on adjusted earnings per share.
The online marketing services provider posted revenue of $185.1 million in the period. Its adjusted revenue was $186.8 million, which beat Street forecasts. Eight analysts surveyed by Zacks expected $182.7 million.
Web.com shares have decreased slightly more than 7 percent since the beginning of the year. They closed Thursday at $19.60, decreasing slightly in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEB at https://www.zacks.com/ap/WEB
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