Categories AlphaGraphs, Earnings, Technology

Earnings: GoDaddy reports mixed Q2 results, shares slide

Web hosting company GoDaddy (GDDY) reported 17% jump in third-quarter revenue to $679.5 million, as total bookings improved 11%. However, weighed down by higher costs, net income for the quarter fell to $14.1 million, or 8 cents per share, from $30 million, or 20 cents per share a year ago.

Analysts had expected earnings of 18 cents per share, on a revenue of $673.7 million. Concerned over the earnings miss, investors sent the stock down 2% during after-market trading.

GoDaddy third quarter 2018 Earnings Infographic

Average revenue per user (ARPU) witnessed a modest increase during this period, growing 8.6% to $145 million.

“GoDaddy is in an environment where it’s never been more important to take an idea, get it online and, through an integrated toolset and experience, enable that idea to grow and thrive,” said GoDaddy CEO Scott Wagner.

For the full year 2018, GoDaddy raised its revenue expectations to a range of $2.655 billion to $2.660 billion, representing approx. 19% growth at the midpoint.

The company also authorized the repurchase of up to $500 million of the company’s Class A common stock.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top