Godaddy Inc (GDDY) Releases Earnings Results, Misses Expectations By $-0.52 EPS

Godaddy Inc (GDDY) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $-0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.52. Analysts had a consensus of $0.41. The company posted revenue of $456.20 million in the period, compared to analysts expectations of $450.71 million. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.46 EPS.

Many Wall Street Analysts have commented on Godaddy Inc. Raymond James Initiated Godaddy Inc on Jun 14, 2016 to “Outperform”, Price Target of the shares are set at $37.Godaddy Inc was Downgraded by Citigroup to ” Neutral” on Jun 7, 2016.

Godaddy Inc closed down -1 points or -3.30% at $29.34 with 17,89,525 shares getting traded on Tusday. Post opening the session at $30.22, the shares hit an intraday low of $29.17 and an intraday high of $30.23 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 8, 2016, Scott Wagner (CFO and COO) sold 8,000 shares at $29.88 per share price. According to the SEC, on Jun 16, 2016, Auguste Goldman (Chief People Officer) sold 1,000 shares at $32.62 per share price. On Jun 9, 2016, Barbara J Rechterman (Chief Marketing Officer) sold 20,000 shares at $32.06 per share price, according to the Form-4 filing with the securities and exchange commission.

GoDaddy Inc. operates a Web domain marketplace The Company is a technology provider to small businesses Web design professionals and individuals delivering cloud-based products and outcome-driven personalized Customer Care. The Company operates domain marketplace where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence connect with their customers and manage their business operations. The Company’s products include domain hosting and presence and business applications.

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