What happened Shares of GoDaddy (NYSE: GDDY) rose as much as 16.7% on Thursday following the release of a strong third-quarter report. By 1 p.m. EST, the stock had cooled down to a still-impressive 15.1% gain. So what Wall Street consensus had been pointing to earnings near $0.21 per share on revenue in the vicinity of $761.4 million. The provider of domain name services and cloud-based tools used to run small to medium businesses fell a rounding error short of the sales target, landing at $760.5 million. At the same time, GoDaddy completely crushed analysts' earnings projections with an adjusted net profit of $0.42 per diluted share. Image source: GoDaddy. Now what Apart from crushing Wall Street's bottom-line target, these results represented 12% year-over-year sales growth and more than a fivefold expansion of the bottom-line figure. GoDaddy is both expanding its user base and raising the average revenue collected from each customer, which adds up to a firm growth trend. GoDaddy's results have been hit or miss in recent quarters, but this was a good one. Importantly, the third-quarter results were paired with solid signs of continued growth as the unbilled order volumes grew faster than top-line revenue. It's no surprise to see GoDaddy's shares soar on the back of this muscular earnings report. That's kind of how it's supposed to work, after all. 10 stocks we like better than GoDaddyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GoDaddy wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool recommends GoDaddy. The Motley Fool has a disclosure policy.Source