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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.


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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