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Why GoDaddy's Stock Swooned on Friday

TheMotleyFool

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Shares of (NYSE: GDDY) fell as much as 11.5% on Friday, following a solid earnings report with modest guidance. By 3:30 p.m. ET, the domain name registrar's shares had dropped by 11%.

Image source: Getty Images.

GoDaddy's second-quarter sales rose by 8% year over year, stopping at $1.21 billion. Earnings jumped from $1.01 to $1.41 per diluted share. The analyst consensus pointed to earnings near $1.38 per share with a top-line revenue target right in line with the reported figures.

Source Fool.com