The company reported a loss of $3.4 million, or 7 cents a share. Adjusted earnings came to 66 cents a share. Revenue totaled $137.4 million.
The consensus estimate called for adjusted earnings of 63 cents a share on revenue of $147.42 million.
The company also announced the authorization of a share buyback of up to $100 million through December 31, 2016.
More than 2.4 million shares had changed hands as of 10:51 a.m., compared to the average volume of 678,903.
Separately, TheStreet Ratings team rates WEB.COM GROUP INC as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WEB.COM GROUP INC (WWWW) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself."
- You can view the full analysis from the report here: WWWW Ratings Report