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GoDaddy shares up 4% on revenue beat

GoDaddy Inc. shares were up 4% in after-hours trading Wednesday after the web hosting and domain-name registration company reported fiscal second-quarter revenue that exceeded Wall Street estimates. GoDaddy reported a loss of $673.2 million, compared with a loss of $12.7 million, in the year-ago quarter. Revenue improved 9% to $806.4 million from $737.2 million a year ago. Analysts surveyed by FactSet had expected adjusted net income of 15 cents a share on sales of $794 million. GoDaddy’s shares are up 9% this year. The broader S&P 500 index has improved 3% in 2020.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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