Gogo Q2 Adj EPS $0.21 Beats $0.13 Estimate, Sales $103.22M Miss $103.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gogo reported Q2 earnings of $0.67 per share, beating the analyst consensus estimate of $0.13 by 415.38%. This is a 294.12% increase from the same period last year. However, the company's quarterly sales of $103.22 million missed the analyst consensus estimate of $103.25 million by 0.03%, though it's a 5.50% increase from last year.
August 07, 2023 | 11:04 am
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Gogo's Q2 earnings beat estimates significantly, indicating strong financial performance. However, a slight miss in sales could temper investor enthusiasm.
Gogo's significant beat on earnings indicates strong financial performance, which is likely to boost investor confidence and potentially drive the stock price up in the short term. However, the slight miss on sales could temper this enthusiasm to some extent, creating a mixed impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100