Sky Harbour Group Corp Up 10.81% To $8.20 After Earnings

Sky Harbour Group Corp (SKYH) missed earnings projections on 11/9/2023 for Q3 2023.

Sky Harbour Group Corp reported EPS loss of $0.01 per share. Profits rose 75% year-over-year after reporting an EPS loss of $0.04 per share in its year-ago quarter. The positive growth rate signals that the Industrials company is performing well amid recent economic conditions.

Revenues were upbeat at $2.5 million. That revenue figure is an increase of 480.51% from the year ago quarter.

The stock is up 10.81% to $8.20 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.

Trading in the five days leading up to the report earned Sky Harbour Group Corp a Bullish Sentiment Rank from InvestorsObserver.

Sky Harbour Group Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 99, putting Sky Harbour Group Corp in the top 25% of stocks. The firm set a 52-week high on March 17, 2023 at $8.9 and set a 52-week low on December 28, 2022 at $2.5.

Sky Harbour Group Corp is an aviation infrastructure company building nationwide network of Home-Basing solutions for business aircraft.