Gogo: 3Q Earnings Snapshot
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.