Recap: Mogo Q3 Earnings
Portfolio Pulse from Benzinga Insights
Mogo (NASDAQ:MOGO) reported its Q3 earnings results, beating estimated earnings by 31.33% with an EPS of $-0.103 versus an estimate of $-0.15. However, revenue was down $1.17 million from the same period last year. Last quarter, the company beat on EPS by $0.45, which was followed by a 9.04% drop in the share price the next day.

November 09, 2023 | 9:25 pm
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NEUTRAL IMPACT
Mogo's Q3 earnings beat estimates but revenue was down YoY. Last quarter's EPS beat led to a share price drop.
Mogo's earnings beat estimates, which is generally a positive signal. However, the company's revenue was down compared to the same period last year, which could be a concern for investors. Additionally, the last time Mogo beat earnings estimates, the share price dropped the next day, indicating that investors may have different expectations. Therefore, the impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100