AP NEWS

GoDaddy: 3Q Earnings Snapshot

November 6, 2019

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Wednesday reported third-quarter net income of $76.2 million.

The Scottsdale, Arizona-based company said it had profit of 42 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The cloud-based technology products developer posted revenue of $760.5 million in the period, meeting Street forecasts.

GoDaddy expects full-year revenue in the range of $2.98 billion to $2.99 billion.

GoDaddy shares have fallen 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.97, a decline of 13% in the last 12 months.

_____

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