Gogo Q4 EPS $0.11, Inline, Sales $97.81M Beat $96.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gogo reported Q4 earnings of $0.11 per share, meeting analyst estimates, with a 47.62% decrease from last year. Sales were $97.81M, beating estimates by 1.37% but down 9.57% from the previous year.
February 28, 2024 | 12:04 pm
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NEUTRAL IMPACT
Gogo's Q4 earnings per share were $0.11, matching estimates but showing a significant decrease from the previous year. Sales exceeded expectations but also declined YOY.
While Gogo met its earnings per share estimates and slightly exceeded sales forecasts, the significant year-over-year declines in both earnings and sales could temper investor enthusiasm. The alignment with analyst expectations on EPS and the slight beat on sales forecasts suggest a neutral short-term impact, as the positive and negative factors may balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100