Global Eagle Entertainment (NASDAQ:ENT) issued its earnings results on Thursday. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.19), Fidelity Earnings reports. Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 42.86%. The company had revenue of $164.03 million during the quarter, compared to analysts’ expectations of $168.65 million.

Shares of NASDAQ ENT remained flat at $$2.73 on Friday. The stock had a trading volume of 606,763 shares, compared to its average volume of 96,928. Global Eagle Entertainment has a 52 week low of $0.87 and a 52 week high of $3.22. The stock has a market capitalization of $236.42 million, a P/E ratio of -1.38 and a beta of 1.67.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. BidaskClub raised Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, September 29th. Finally, ValuEngine downgraded Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th.

ILLEGAL ACTIVITY NOTICE: “Global Eagle Entertainment (ENT) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://theolympiareport.com/2018/11/10/global-eagle-entertainment-ent-releases-quarterly-earnings-results-misses-expectations-by-0-19-eps.html.

Global Eagle Entertainment Company Profile

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.

Featured Story: Do Tariffs Work?

Earnings History for Global Eagle Entertainment (NASDAQ:ENT)

Receive News & Ratings for Global Eagle Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Eagle Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.