On Thursday, Shares of Godaddy Inc (NYSE:GDDY), lost -11.03% to $26.22.
GoDaddy, stated financial results for the second quarter ended June 30, 2015.
“Our investments in products, technology platform, and customer care are delivering innovative and increasingly personalized products and services for our customers around the world, and our second quarter results again show that focusing on their needs drives real shareholder returns. Balanced growth in customers and ARPU drove revenue up over 16% and EBITDA up more than 29%,” said Blake Irving, GoDaddy chief executive officer.
Second Quarter Financial Highlights
- Revenue of $394.5 million, up 16.5% year over year.
- Total Bookings of $475.9 million, up 16.0% year over year.
- Adjusted EBITDA of $82.3 million, up 29.0% year over year.
- Unlevered free cash flow of $77.0 million, an enhance of 21.1% year over year.
- Customers were 13.3 million at quarter end, up 9.1% year over year.
- Annual ARPU of $118, up 8.6% year over year.
GoDaddy Inc. focuses on the design and development of cloud-based technology products for small businesses, Web design professionals, and individuals. Its products would enable its customers to establish a digital presence, connect with their customers, and manage their business operations. The company was incorporated in 2014 and is headquartered in Scottsdale, Arizona.
Shares of Trinity Industries Inc (NYSE:TRN), inclined 0.07% to $27.69, during its last trading session.
Trinity Industries, declared earnings results for the second quarter ended June 30, 2015, counting the following noteworthy highlights:
- Second quarter earnings per common diluted share of $1.33 contrast to $1.01 for the second quarter of 2014, a 32% enhance year-over-year
- Quarterly revenue and net income of $1.68 billion and $212.0 million, respectively, a year-over-year enhance of 13% and 29%, respectively
- Rail and Inland Barge Groups stated record operating profit during the second quarter
- Rail Group delivered 8,530 railcars and received orders for 11,170 new railcars during the second quarter, increasing its backlog to $6.90 billion
- Structural wind towers business received orders totaling $183.9 million, increasing its backlog to $502.6 million
- Company raised earnings guidance for full year 2015 to between $4.45 and $4.75 per common diluted share contrast to previous guidance of between $4.10 and $4.45 per share
Trinity Industries, Inc. provides various products and services for the energy, transportation, chemical, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, counting autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and couplers, axles, and other equipment, in addition to railcar maintenance services.
At the end of Thursday’s trade, Shares of Synthetic Biologics Inc (NYSEMKT:SYN), lost -3.43% to $3.10.
Aeterna Zentaris, CytRx Corporation, Synthetic Biologics Inc. are three tickers that have recently attracted attention in the Biotech space.
Biotech has mimicked the dot com boom of the early 2000’s quite closely. Several biotech indices and ETFs have shown remarkable growth and have certainly outplaced the overall market. However, growth of this proportion leads to instabilities and overvaluation of many companies. This is exemplified in each of the three companies in focus. AEZS is trading near a 52 – week low after the company received disappointing results from the FDA. Similarly, CtyRx recently declared an offering in which administration offered shares at a noteworthydiscount to the market price, which resulted in the declines in the stock price. The biotech sector is full of speculation and blind money has been attracted solely by the returns published by both ETFs and Indices that follow this sector. The growth rates will decline and the boom will fall back in line with the market, but some will standout and continue to achieve growth of tremendous proportions.
Synthetics Biologics, Inc., a clinical-stage biotechnology company, develops pathogen-specific therapies for serious infections and diseases with a focus on protecting the microbiome.
Finally, Infosys Ltd ADR (NYSE:INFY), ended its last trade with -0.46% loss, and closed at $17.31.
Infosys, declared that it has been positioned as a leader in Gartner’s Magic Quadrant for SAP Implementation Services, Worldwide, 2015 by Susan Tan. This Magic Quadrant assessed 17 service providers.
The report states, “Leaders are performing well recently, gaining traction and mind share in the market; they have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market. The players in this quadrant generally have a global client base, a track record of implementing complex SAP programs globally that support business transformation, and well-balanced business, process and industry consulting and implementation capabilities that are supported by rigorous tools and methodologies.” *
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally.
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