Why GoDaddy's Stock Swooned on Friday

GoDaddy beat earnings estimates but the stock still tumbled. Here's why investors weren't impressed.Shares of GoDaddy (GDDY -11.25%) fell as much as 11.5% on Friday, following a solid earnings report with modest guidance. By 3:30 p.m. ET, the domain name registrar's shares had dropped by 11%. GoDaddy's modest earnings beatGoDaddy's second-quarter sales rose by 8% year over year, stopping at $1.21 billion. Earnings jumped from $1.01 to $1.41 per diluted share. The analyst consensus pointed to earnings near $ ...