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GoDaddy: 2Q Earnings Snapshot

August 2, 2018

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Thursday reported second-quarter profit of $18.1 million.

The Scottsdale, Arizona-based company said it had profit of 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The cloud-based technology products developer posted revenue of $651.6 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $643.4 million.

For the current quarter ending in October, GoDaddy said it expects revenue in the range of $670 million to $675 million.

The company expects full-year revenue in the range of $2.65 billion to $2.66 billion.

GoDaddy shares have risen 52 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $76.55, an increase of 79 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

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