SCOTTSDALE, Ariz. (AP)--GoDaddy Inc. (GDDY) on Wednesday reported a loss of $10.5 million in its first quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 15 cents.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The cloud-based technology products developer posted revenue of $433.7 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $430.6 million.
For the current quarter ending in July, GoDaddy said it expects revenue in the range of $448 million to $452 million.
The company expects full-year revenue in the range of $1.83 billion to $1.85 billion.
GoDaddy shares have decreased slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.64, a climb of 18 percent in the last 12 months.