Gogo: 2Q Earnings Snapshot
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.