- Global Eagle Entertainment (NASDAQ:ENT) has jumped 32.6% to its highest point in three months after its earnings report meant it got current with SEC obligations and satisfies Nasdaq listing conditions.
- It's filing 10-Qs for the quarters ended March 31, June 30 and Sept. 30, 2017.
- For the nine months ended Sept. 30, it logged $460M in revenues, along with a net loss of $223M and EBITDA of $48.3M; consensus expectations for EBITDA for the past three quarters were $16.7M, $17.7M and $19.4M respectively.
- Revenue expectations, meanwhile, were for $155.6M, $157.1M and $158.1M, for an expected nine-month total of $470.8M vs. actual results of $460M (up 23% Y/Y).
- “The results for our first three quarters of 2017 are consistent with our goal of building a solid foundation for Global Eagle," says CEO Jeff Leddy. "We have worked internally to drive operational improvements through integration of our products, personnel and locations, setting the foundation for continuous efficiency gains as we move into 2018.”
- Webcast scheduled tomorrow for noon ET.
- Press release
- Now read: O2Micro -6.4% on Q4 revenue miss, downside guidance
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