GoDaddy Misses Earnings, Beats Revenue

Godaddy Inc GDDY released its Q2 results after market close on Wednesday. Earnings per share came in below Wall Street consensus expectations, however, shares rose due to beating revenue estimates.

Godaddy reported EPS of $(0.11) and revenues of $456.2 million. Analyst consensus had an EPS estimate of $(0.07) and revenues of $450.32.

Godaddy saw Q3 revenues at $468-$471 million vs. estimates of $469.3 million and FY16 revenues $1.84-$1.847 billion vs. estimates of $1.84 billion.

"GoDaddy's second quarter financial performance was strong, with revenue growing 16% or nearly 18% on a constant currency basis. With a clear strategy and consistent execution, we've delivered another great quarter and doubled the size of our business over the last four years," said Blake Irving, GoDaddy's Chief Executive Officer. "Additionally, we are pleased to welcome Ray Winborne as our new CFO and expand Scott Wagner's leadership role."

At time of writing, Godaddy traded at $29.80 in Wednesday's after-hours session, up 5.2 percent.