Why GoDaddy Shares Are Up 10% Today

Shares of website-hosting service GoDaddy (NYSE: GDDY) were up 10% as of 12:50 p.m. ET Friday, according to data from S&P Global Market Intelligence. The surge followed Thursday evening's release of fourth-quarter numbers that beat analysts' estimates.

For the quarter, GoDaddy brought in revenue of $1.02 billion and booked profits of $0.52 per share. Those numbers improved on its results of $874 million and $0.41 per share in the prior-year period. More than that, though, the company's fourth-quarter results topped the consensus expectations of analysts for around $970 million in sales and earnings of $0.41 per share.

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Source Fool.com