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Gogo: 2Q Earnings Snapshot

August 8, 2018

CHICAGO (AP) _ Gogo Inc. (GOGO) on Wednesday reported a loss of $37.2 million in its second quarter.

The Chicago-based company said it had a loss of 47 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 73 cents per share.

The in-flight internet provider posted revenue of $227.5 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $208.6 million.

Gogo expects full-year revenue in the range of $865 million to $935 million.

The company’s shares closed at $3.84. A year ago, they were trading at $12.82.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOGO at https://www.zacks.com/ap/GOGO

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