Sky Harbour Group Corp (SKYH) said after close Wednesday that it lost $0.61 per share in quarter four 2023.
On the revenue line, the company reported $2.2 million, missing estimates by $22 thousand.
In the same quarter a year ago, the company earned $0.04 per share on revenue of $609 thousand.
The stock is down 4.08% to $12.71 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Sky Harbour Group Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 88, putting Sky Harbour Group Corp in the top 25% of stocks. The firm was recently trading at a 52-week high of $13.6 on March 25, 2024 and set a 52-week low on July 26, 2023 at $4.15.
Sky Harbour Group Corp is an aviation infrastructure company building nationwide network of Home-Basing solutions for business aircraft.
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Sky Harbour Group Corp Down 4.08% To $12.71 After Earnings Miss
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