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.
Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more efficiently. The company’s digital platform helps optimize drug procurement and
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the