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GoDaddy: 4Q Earnings Snapshot

February 20, 2019

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Wednesday reported fourth-quarter net income of $42.5 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 24 cents. Earnings, adjusted for costs related to mergers and acquisitions, came to 28 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The cloud-based technology products developer posted revenue of $695.8 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $693.2 million.

For the year, the company reported profit of $77.1 million, or 45 cents per share. Revenue was reported as $2.66 billion.

For the current quarter ending in April, GoDaddy said it expects revenue in the range of $705 million to $715 million.

The company expects full-year revenue in the range of $2.97 billion to $3 billion.

GoDaddy shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $72.25, a rise of 28 percent in the last 12 months.

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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