NEW YORK (TheStreet) --GoDaddy (GDDY) reported better-than-expected financial results for the 2016 third-quarter after Wednesday's market close.

The Scottsdale, AZ-based domain registrar and web hosting company reported earnings of 5 cents per share, topping expectations of 7 cents per share. Revenue came in at $472.1 million, beating projections of $470.07 million.

"We delivered above guidance both at the top-line and bottom-line, cash flow was great, conversion of cash was great. The business is doing well," GoDaddy CEO Blake Irving said during Thursday morning's "Squawk Alley" on CNBC.

Internationally, GoDaddy's business grew 27% on a constant currency basis.

The company also saw "double-digit growth in every one of our business sectors," Irving added.

Irving also discussed new products the company has that are starting to make a positive impact.

"We talked about a lot of new products that we're announcing and some things that we've recently announced that are starting to really lift. The technology capability is starting to prove that this platform we've built is a global platform providing us the ability to expand our product line around the world," Irving explained.

Shares of GoDaddy were lower in midday trading on Thursday.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "sell" with a ratings score of D-.

Among the areas TheStreet Ratings feels are negative, one of the most important has been very high debt management risk by most measures.

You can view the full analysis from the report here: GDDY

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