GoDaddy stock rises 5% after Q3 profit, sales top views

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Shares of GoDaddy Inc. GDDY, -0.33% rose 5% in the extended session Wednesday after the web hosting company reported quarterly profit and sales above Wall Street expectations and raised guidance for the year. GoDaddy said it earned $98 million, or 58 cents a share, in the third quarter, compared with $65 million, or 38 cents a share, in the year-ago quarter. Sales rose to $964 million, from $844 million. Analysts polled by FactSet expected EPS of 39 cents on sales of $946 million. The company guided for fourth-quarter sales of about $970 million, which would represent 11% year-over-year growth. GoDaddy raised its full-year 2021 guidance for revenue to about $3.765 billion, and raised its full year unlevered free cash flow guidance to approximately $960 million. “We are focused on executing in Q4 and beyond,” and will share more at an investor day in February, Chief Financial Officer Mark McCaffrey said in a statement. The stock ended the regular trading day down 0.3%.

This article was originally published by Marketwatch.com. Read the original article here.

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