SCOTTSDALE, Ariz. — GoDaddy Inc. (GDDY) on Thursday reported fourth-quarter profit of $60.5 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 34 cents.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The cloud-based technology products developer posted revenue of $780.4 million in the period, topping Street forecasts. Nine analysts surveyed by Zacks expected $777 million.
For the year, the company reported profit of $137 million, or 76 cents per share. Revenue was reported as $2.99 billion.