New tech issues including GoDaddy (GDDY) and TubeMogul (TUBE) are making big moves in after-hours trading as investors react to their quarterly results. TubeMogul jumped 10% after the bell on bullish guidance for the top line. The ad-software maker sees Q2 sales of $38 million to $40 million, topping estimates for $36.9 million. The July 2014 IPO widened its Q1 loss to 24 cents a share from an 11-cent per-share loss a year ago. Analysts were
GoDaddy (GDDY), in its first earnings report since its IPO, beat on revenue and posted a Q1 loss that met expectations. After the market close Tuesday, GoDaddy reported revenue of $376.3 million, up 17.5% from the year-earlier quarter and above the analyst consensus estimate of $373.4 million. It reported a loss of 34 cents per share, compared with a 40-cent loss in Q1 2014, meeting the consensus estimate of analysts polled by Thomson Reuters.
A multitude of coverage initiations greeted Web-hosting and domain registrar firm GoDaddy (GDDY) on Monday, 40 days after its IPO and a day ahead of its earnings report. The upshot among the analysts’ reports: GoDaddy could have an edge in the small-business market over rivals such as Web.com (WWWW), Endurance International Group (EIG) and Wix.com (WIX), but Google (GOOGL) looms as a long-term threat. GoDaddy reports Q1 earnings after the close