Endurance International falls 12% on lower forecast

Domain name and hosting company lowers outlook for 2019. Shares of Endurance International Group (NASDAQ: EIGI) fell nearly 12% in trading yesterday after the company lowered its 2019 forecast. Shares ended the day at $5.53. GAAP revenue guidance lowered from $1.4 billion – $1.6 billion to $1.2 billion – $1.4 billion Adjusted EBITDA forecast lowered from $310 million – $330 million to $300 million – $320 million Free Cash Flow guidance lowered from $115 million…

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