GoDaddy reports 4Q loss

GoDaddy reports 4th-quarter loss of $1.9 million

SCOTTSDALE, Ariz. (AP) _ GoDaddy Inc. (GDDY) on Wednesday reported a loss of $1.9 million in its fourth quarter.

The Scottsdale, Arizona-based company said it had a loss of 2 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 10 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The cloud-based technology products developer posted revenue of $485.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $485.3 million.

For the current quarter ending in April, GoDaddy said it expects revenue in the range of $485 million to $490 million.

The company expects full-year revenue in the range of $2.18 billion to $2.22 billion.

GoDaddy shares have climbed roughly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.33, an increase of 38 percent 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

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Keywords: GoDaddy, Earnings Report

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