GoDaddy shares jump 10% on big Q3 profit

GoDaddy Inc. shares surged 10% in after-hours trading Wednesday after the web-hosting company reported third-quarter results that blew past earnings estimates. GoDaddy reported net income of $76.2 million, or 42 cents a share, compared with $13.2 million, or 8 cents, in the year-ago period. Adjusted revenue rose 12% to $760.5 million from $679.5 million a year ago. The Scottsdale, Ariz.-based company also announced a $500 million share buyback program. Analysts surveyed by FactSet had expected earnings of 21 cents a share on revenue of $761.4 million. GoDaddy shares are down 4% this year. The S&P 500 index has gained 23% this year.

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