Gogo: 2Q Earnings Snapshot
CHICAGO (AP) _ Gogo Inc. (GOGO) on Thursday reported a loss of $84 million in its second quarter.
On a per-share basis, the Chicago-based company said it had a loss of $1.04. Losses, adjusted to extinguish debt, came to 47 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.
The in-flight internet provider posted revenue of $213.7 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $197.8 million.
Gogo expects full-year revenue in the range of $800 million to $850 million.
The company’s shares closed at $3.86. A year ago, they were trading at $3.84.