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.
Most Popular
Mattel (MAT): A look at the toymaker’s expectations for the year
Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism
Earnings Preview: Paychex likely to report higher Q1 revenue and profit
Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has
DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results
Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were
