Delay In 5G Hampers In-Flight Connectivity Provider Gogo's Q3 Performance, Stock Slides
Portfolio Pulse from Anusuya Lahiri
Gogo Inc reported Q3 FY23 revenue growth of 7% YoY to $97.9 million, missing the consensus of $103.8 million. EPS of $0.16 beat the consensus of $0.14. The company cut its FY23 revenue outlook to $390 million - $400 million from the prior $410 million - $420 million. Gogo's shares traded lower by 5.98% at $9.99 on the last check Tuesday.
November 07, 2023 | 7:27 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Gogo Inc reported lower than expected Q3 FY23 revenue and cut its FY23 revenue outlook, leading to a drop in its share price.
Gogo Inc's Q3 FY23 revenue missed the consensus and the company also cut its FY23 revenue outlook. This negative financial performance is likely to have a negative impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100