Gogo Cuts FY24 Total Revenue Forecast From $410M - $425M To $400M - $410M, Est $418.787M
Portfolio Pulse from Benzinga Newsdesk
Gogo has revised its FY24 total revenue forecast downwards from $410M - $425M to $400M - $410M, which is below the estimated $418.787M.
August 07, 2024 | 11:16 am
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Gogo has lowered its FY24 revenue forecast to $400M - $410M, down from the previous range of $410M - $425M, and below the estimated $418.787M.
The downward revision of the revenue forecast indicates potential challenges in Gogo's business operations or market conditions, which could negatively impact investor sentiment and the stock price in the short term.
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