GoDaddy Q1 2024 Adj EPS $0.99 Beats $0.96 Estimate, Sales $1.109B Beat $1.097B Estimate
Portfolio Pulse from Benzinga Newsdesk
GoDaddy reported Q1 2024 adjusted EPS of $0.99, surpassing the $0.96 estimate, with sales of $1.109B exceeding the $1.097B forecast. This represents a 7.05% increase in sales compared to the same period last year.
May 02, 2024 | 9:07 pm
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GoDaddy's Q1 2024 earnings surpassed estimates with an adjusted EPS of $0.99 and sales of $1.109B, indicating a 7.05% year-over-year sales growth.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The reported year-over-year sales growth further strengthens the company's financial position and market confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100