Previous close | 12.57 |
Open | 0.00 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 753 |
Market cap | 9.91M |
Beta (5Y monthly) | 1.37 |
PE ratio (TTM) | 0.09 |
EPS (TTM) | 1.36 |
Earnings date | 01 Nov 2023 - 06 Nov 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Shares of Gogo (NASDAQ: GOGO) were down 17.9% as of 2:30 p.m. ET on Monday, according to data provided by S&P Global Market Intelligence, after the in-flight broadband connectivity specialist announced solid second-quarter 2023 results, but also lowered its full-year and longer-term guidance. Quarterly revenue climbed 6% year over year to $103.2 million (roughly in line with analysts' expectations), including an 8% increase in service revenue to $79.1 million, and a 2% decline in equipment revenue, to $24.2 million. Adjusted for that item, Gogo's net income was $0.19 per share, above Wall Street's estimates of $0.14.
While the top- and bottom-line numbers for Gogo (GOGO) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Gogo (GOGO) delivered earnings and revenue surprises of 53.85% and 0.03%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?