GoDaddy: 4Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Thursday reported fourth-quarter earnings of $70.5 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 41 cents.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The cloud-based technology products developer posted revenue of $873.9 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $865.2 million.

For the year, the company reported a loss of $495.1 million, or $2.94 per share, swinging to a loss in the period. Revenue was reported as $3.32 billion.

For the current quarter ending in April, GoDaddy said it expects revenue in the range of $885 million.

The company expects full-year revenue of $3.7 billion.

GoDaddy shares have risen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $92.76, a rise of 33% 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