GoDaddy (GDDY) reported earnings after the close, the stock is up 3.5% in after hours to a new high of $40.75.
The AP reported:
GoDaddy Inc. (GDDY) on Tuesday reported first-quarter net income of $600,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 1 cent.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The cloud-based technology products developer posted revenue of $489.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $487.8 million.
For the current quarter ending in July, GoDaddy said it expects revenue in the range of $548 million to $553 million.
The company expects full-year revenue in the range of $2.19 billion to $2.23 billion.