360 -7.44%: Some swings and roundabouts in today’s quarterly from the tracking company, with recent share price strength playing into the reaction.
- 360 upgraded adjusted EBITDA guidance for CY24 representing a 4% beat to current consensus
- Net subscriber adds in the quarter of 159k were strong, and ahead of expectations.
- Hardware revenue was softer, but that is more a timing delay around a product launch that should drop into Q4.
Overall, solid result, its just the SP has run particularly hard leading into it.
MM is bullish 360
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