Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Web hosting company GoDaddy reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6% lower in after-hours trading.
GoDaddy has been pressured by higher costs since it went public in 2015 as it expands its international customer base and spends on marketing and product development.
GoDaddy, which manages roughly a fifth of all global domains, said total costs rose nearly 14% to $691.2 million, compared with average estimates of $436.93 million based on consensus from 12 analysts, according to Refinitiv Eikon data.
Shares fell as much as 6.3% to $76.
Net income attributable to the company rose to $12.9 million, or 7 cents per Class A share, in the quarter ended March 31, from $3.3 million, or 2 cents per Class A share, a year earlier.
Analysts on average had expected earnings of 10 cents per share, according to IBES data from Refinitiv.
Total revenue rose to $710 million from $633.2 million, but was short of analysts' expectations of $711.2 million.
GoDaddy added 6.4% more customers in the quarter, which was much lower than 17.4% new customers in the year-ago period. Average revenue per user grew to $150, up 8.5% from the last year.
For the second-quarter, GoDaddy said it expects revenue to be between $730 million to $740 million, the mid-point of which was above Wall Street expectations of $733.5 million.
The company reaffirmed full-year revenue forecast in the range of $2.97 billion to $3 billion.