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GoDaddy: 2Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Thursday reported a second-quarter loss of $12.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and to extinguish debt, were 13 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The cloud-based technology products developer posted revenue of $737.2 million in the period, topping Street forecasts. Ten analysts surveyed by Zacks expected $735 million.

For the current quarter ending in October, GoDaddy said it expects revenue in the range of $755 million to $765 million.

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

GoDaddy shares have climbed 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $74.25, a fall of 1% 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