Successful acquisition of Satcom Direct triggers positive surprises in Q1!
The acquisition of Satcom Direct is having a positive effect and helps to shatter experts' expectations!
Investors react enthusiastically to the presented fundamentals. The stock is likely to target new 52-week highs!
Reading Time: 1 minute
On Friday, Gogo Inc. (GOGO) experienced a dynamic rise under enormous volume after presenting a strong quarterly result and revenue forecast for the current fiscal year that significantly exceeded consensus expectations. Specifically, the company was able to increase revenue in the first quarter by 121% compared to the same period last year, primarily due to the successful acquisition of Satcom Direct. At the same time, EPS was increased by 12.5%. Investors also reacted positively to the fact that Gogo Inc. confirmed its annual forecast despite...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
