GoDaddy Inc. (GDDY) on Wednesday reported a loss of $1.9 million in its fourth quarter.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The cloud-based technology products developer posted revenue of $485.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $485.3 million.
For the current quarter ending in April, GoDaddy said it expects revenue in the range of $485 million to $490 million.
The company expects full-year revenue in the range of $2.18 billion to $2.22 billion.
GoDaddy shares have climbed roughly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.33, an increase of 38 percent in the last 12 months.