Mogo Q1 Sales $17.900M Beat $17.271M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mogo Inc. (NASDAQ:MOGO) reported Q1 sales of $17.900 million, surpassing the analyst consensus estimate of $17.271 million by 3.64%. This represents a significant increase of 52.42% over the sales of $11.744 million in the same period last year.
May 09, 2024 | 12:31 pm
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Mogo Inc. reported a strong Q1 with sales of $17.900 million, exceeding expectations and showing a significant year-over-year growth.
Beating sales estimates and showing a substantial year-over-year growth are strong indicators of a company's performance and often lead to positive investor sentiment. This outperformance in sales could lead to a short-term positive impact on MOGO's stock price as it reflects the company's growth and potential to exceed market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100