GoDaddy reports earnings and dives 5% in after hours before rebounding
GoDaddy (NYSE:GDDY) reported earnings today, this coincided with the news that CEO Scott Wagner would be stepping down and being replaced by Aman Bhutani, who most recently served as president of Brand Expedia Group.
The stock was up on the day but took a dive in after hours trading once the earning were reported.
Excluding one-time items, the company posted earnings of 1 cent, below analysts’ estimate of 16 cents, according to IBES data from Refinitiv.
Total revenue rose by 13.1% to $737.2 ...