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Gogo Inc beats Q3 EPS but profitability declines

Earnings Whispers · ·by G4L

GOGO
GOGO Gogo Inc
$3.60 -0.55%
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  1. 1Gogo Inc reported Q3 earnings per share of $0.02, beating consensus and Earnings Whisper estimates by 166.7%.
  2. 2Gogo Inc reported Q3 revenue of $213.23 million, representing an 80.0% decrease in revenue compared to the same period last year.
  3. 3Adjusted EBITDA fell 24% from $53.70 million in Q2.

So what's the key point?

Gogo Inc reported earnings per share of $0.02, which was higher than what experts expected. However, revenue and operating profit decreased, meaning profitability has weakened.

Source Earnings Whispers · View original ↗

Related 3-line summaries

Gogo shares surge 68.7% on Friday despite weak earnings The Motley Fool +1 · 4d agoGogo Inc. reports $213 million in Q3 revenue and increased Galileo shipments The Motley Fool +1 · 4d agoGogo Inc. beats expectations with $3.2 million third-quarter loss Associated Press · 5d ago
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