GoDaddy Inc. (GDDY) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $401.5 million, or $2.76 per share. This compares with $47.4 million, or $0.30 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.8% to $1.10 billion from $1.03 billion last year.
GoDaddy Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $401.5 Mln. vs. $47.4 Mln. last year.
-EPS (Q1): $2.76 vs. $0.30 last year.
-Revenue (Q1): $1.10 Bln vs. $1.03 Bln last year.
-Guidance:
Next quarter revenue guidance: $1.10-$1.12 Billion
Full year revenue guidance: $4.5-$4.56 Billion
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