Cloud-based technology solutions provider GoDaddy (NYSE: GDDY) surpassed the market’s estimates in its first quarter of 2020. Earnings of $0.24 per share and revenue of $792 million bettered consensus targets of $0.17 of EPS and $789.86 million of revenue. GDDY stock rose about 6% in the extended-hours.
For the second quarter ending June 30, 2020, GoDaddy expects revenue to grow 7% to $790 million, which includes the estimated net impact of the COVID-19 pandemic. Revenue growth by category is expected to approximate high single-digit growth in Domains, mid-single-digit growth in Hosting and presence and mid-teens growth in Business Applications. Changes in customer behavior from COVID-19 are expected to disproportionately impact the Hosting and presence category.
Walt Disney (DIS): After a tough FY20, the pandemic is likely to take a toll on operations next year too
The Walt Disney Company (NYSE: DIS) had a tough time in fiscal year 2020 with the COVID-19 pandemic bringing its operations to a standstill like never before. The company incurred
The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system
Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen