GoDaddy falls after forecasting revenue headwind
** Shares of GoDaddy GDDY.N down 9% at $137.58, dropping to a one-year low after the internet firm reported quarterly revenue growth in line with market estimates
** Company anticipates a 50-basis-point drop in rev. from the fourth quarter after saying it will no longer operate as a registry service provider for the .co-level domain
** GDDY hit its lowest level since June 2024 and is on track for biggest daily pct decline since February 2025
** After the bell on Thursday, GDDY reported second-quarter rev. of $1.22 billion, in line with estimates of $1.21 billion; adj. EPS of $1.41 beat Wall Street expectations of $1.33, according to data compiled by LSEG
** GDDY is now down ~31%, YTD, with today's move, versus the Nasdaq .IXIC, which is up ~11% in the same period
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