GoDaddy Reports 6% Q1 Revenue Growth to $1.266B, EPS Rises to $1.60
GDDY sits 23% above its 52-week low of $73.06.
Summary
GoDaddy reported its first-quarter results, with revenue increasing 6.0% to $1.266 billion and diluted earnings per share rising to $1.60, despite a slight decrease in net profit. The company also reiterated its second-quarter revenue guidance of $1.285 billion to $1.305 billion, which was previously announced, and provided new full-year revenue guidance of $5.195 billion to $5.275 billion. These comprehensive results offer traders new, material information regarding the company's performance and outlook, extending beyond the earlier Q2 guidance. The positive revenue growth and EPS increase are key metrics for evaluating the company's operational health.
At the time of this announcement, GDDY was trading at $89.56 on NYSE in the Technology sector, with a market capitalization of approximately $11.6B. The 52-week trading range was $73.06 to $193.55. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.