Market Recap 5-12-15
Go Daddy (GDDY) reported earnings after the close. The stock was up 4.2 during the day but fell in after hours trading. Earnings seemed to beat by a penny but questions about growth and the ability to retain customers created concern.
Bloomberg covered the earnings report:
GoDaddy Inc. shares declined after its first earnings report as a public company sparked investor concern over its growth prospects.
First-quarter sales rose 18 percent to $376.3 million, compared with analysts’ projection of $373.7 million, according to data compiled by Bloomberg. GoDaddy’s net loss narrowed to $43.4 million, or 34 cents a share, from $51.3 million, or 40 cents, a year earlier, the company said in a statement Tuesday.
In an earnings call, Chief Executive Officer Blake Irving faced questions over GoDaddy’s ability to retain overseas customers, because some countries forbid automatic renewals, unlike the U.S. International sales were $95.9 million in the first quarter, about 25 percent of total revenue. Analysts also questioned how the company would fare as consumers go directly to smartphone applications, rather than websites, to get online content.
|Minds + Machines Group…||MMX||8.50||-0.12 (-1.45%)|
|Marchex, Inc.||MCHX||5.06||-0.15 (-2.88%)|
|Web.com Group Inc||WWWW||23.30||+0.47 (2.06%)|
|Rightside Group Ltd||NAME||8.08||-0.22 (-2.65%)|
|Centralnic Group PLC||CNIC||35.56||+1.56 (4.59%)|
|Google Inc||GOOG||529.04||-6.66 (-1.24%)|
|Tucows Inc. (USA)||TCX||18.95||-0.02 (-0.11%)|
|Verisign, Inc.||VRSN||63.67||+0.07 (0.11%)|
|Neustar Inc||NSR||28.70||-0.68 (-2.31%)|
|United Internet AG||UTDI||40.20*||-0.32 (-0.79%)|
|Endurance Intl. Group…||EIGI||21.02||+0.45 (2.19%)|
|Godaddy Inc||GDDY||26.77||+1.09 (4.24%)|
Disclaimer – Any stock price and market data provided on our website is for informational purposes only, and should not be relied upon for trading purposes. Historical and current stock price performance data is not necessarily indicative of future performance.