GoDaddy: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:31 AM ET
Last Updated - Aug 02, 2024, 02:32 AM EDT
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — GoDaddy Inc. (GDDY) on Thursday reported second-quarter net income of $146.3 million.
The Tempe, Arizona-based company said it had profit of $1.01 per share. Earnings, adjusted for restructuring costs and to extinguish debt, came to $1.10 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The cloud-based technology products developer posted revenue of $1.12 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $1.11 billion.
