Mogo gains on robust earnings outlook, strong Q2 results

Orion Digital

11/08/2021 13:20

** Shares of digital payments company Mogo Inc  MOGO.O  up
22.9% pre-market to a near six-week high of $7.2 
    ** Co expects growth of 100% to 110% in subscription and
services revenue in Q4 2021, higher than previous target of 80%
to 100%  urn:newsml:reuters.com:*:nBw1tc4H3a
    ** Reports Q2 revenue growth of 29% to C$13.7 mln  
    ** Co beat revenue estimates in the past five consecutive
quarters
    ** Four brokerages rate the stock "buy" or higher; their
median PT is $14.5
    ** Up to day's close, stock up 57.6% YTD

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))