GoDaddy Inc reported a 12% rise in third-quarter revenue as the web hosting comp...
FILE PHOTO: The logo for internet company GoDaddy inc is shown on a computer screen in this illustration photo in Encinitas, California May 3, 2016. REUTERS/Mike Blake
- GoDaddy Inc reported a 12% rise in third-quarter revenue as the web hosting company earned more from each user, sending its shares up 8% in extended trading.At the end of the third-quarter, GoDaddy added 19.1 million customers, up 4.6%, compared with a 6.7% rise in the year-ago quarter. Net income attributable to the company rose to $76.2 million, or 42 cents per class A share, in the quarter ended Sept. 30, from $13.2 million, or 8 cents per share, a year earlier. Analysts were expecting 21 cents per share.GoDaddy also announced $500 million share buyback program.
The Scottsdale, Arizona-based company said it expects full-year revenue in the range of $2.98 billion to $2.99 billion, compared with analysts’ estimates of $2.99 billion, according to IBES data from Refinitiv.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 3 American women and 5 children killed by Mexican cartel; 12 more kidnappedThree mothers and several children, including a baby, have been shot and killed by members of a Chihuahua cartel, say the women's family members.
Read more »
Kim Kardashian Reveals She Gained 18 Pounds in the Past 12 MonthsKim Kardashian Reveals She Gained 18 Pounds in the Past 12 Months (via JustJared)
Read more »
The 12 Best Things to Buy From Sephora’s Biggest SalePro tip: The best way to browse Sephora’s biggest sale of the year is to call in sick, stay at home, and really focus
Read more »
It's Okay to Cry: 12 Photos Celebrating Male VulnerabilityTalking with Photographer Matthew So about his new series, 'Tears Like Mine.'
Read more »
Andy Cohen Reveals 12-Pound Weight Loss After Making This ChangeAndy Cohen opened up about the changes he made to his life after he felt like his suits were getting tight.
Read more »