GoDaddy: 1Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Thursday reported first-quarter profit of $12.9 million.

The Scottsdale, Arizona-based company said it had profit of 7 cents per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The cloud-based technology products developer posted revenue of $710 million in the period, which also missed Street forecasts. Ten analysts surveyed by Zacks expected $710.7 million.

For the current quarter ending in July, GoDaddy said it expects revenue in the range of $730 million to $740 million.

The company expects full-year revenue in the range of $2.97 billion to $3 billion.

GoDaddy shares have increased 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $81.30, a rise of 26% in the last 12 months.

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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