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Gogo: 3Q Earnings Snapshot

November 6, 2018

CHICAGO (AP) _ Gogo Inc. (GOGO) on Tuesday reported a loss of $37.7 million in its third quarter.

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

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.

The in-flight internet provider posted revenue of $217.3 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $212.9 million.

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

Gogo shares have dropped 49 percent since the beginning of the year. The stock has declined 34 percent in the last 12 months.

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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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