Global Eagle Entertainment (ENT) Tops Q3 EPS by 22c

Global Eagle Entertainment (NASDAQ: ENT) reported Q3 EPS of $0.23, $0.22 better than the analyst estimate of $0.01. Revenue for the quarter came in at $146.9 million versus the consensus estimate of $156.77 million.

GUIDANCE:

Global Eagle Entertainment sees FY2016 revenue of $530-538 million, versus the consensus of $555.9 million.

• Full year 2016 Adjusted EBITDA+ of $61-65 million
• Fourth quarter 2016 Adjusted EBITDA+ of $23-27 million
• Full year 2016 capital expenditures in the range of $45-50 million

For earnings history and earnings-related data on Global Eagle Entertainment (ENT) click here.

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