GoDaddy Q2 Adj $1.01 Misses $1.07 Estimate, Sales $1.12B Beat $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
GoDaddy (NYSE:GDDY) reported Q2 earnings of $1.01 per share, missing the analyst estimate of $1.07. However, sales of $1.12 billion beat the estimate of $1.11 billion. Earnings increased by 87.04% year-over-year, and sales grew by 7.30%.
August 01, 2024 | 8:14 pm
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GoDaddy reported Q2 earnings of $1.01 per share, missing the analyst estimate of $1.07. Sales of $1.12 billion beat the estimate of $1.11 billion. Earnings increased by 87.04% year-over-year, and sales grew by 7.30%.
The mixed results, with earnings missing but sales beating estimates, create a neutral short-term outlook. The significant year-over-year growth in earnings and sales is positive, but the earnings miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100