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Gogo: 2Q Earnings Snapshot

August 8, 2019

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.


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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