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Gogo: 1Q Earnings Snapshot

CHICAGO (AP) _ Gogo Inc. (GOGO) on Thursday reported a loss of $16.8 million in its first quarter.

The Chicago-based company said it had a loss of 21 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.

The in-flight internet provider posted revenue of $199.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $198.3 million.

Gogo expects full-year revenue in the range of $800 million to $850 million.

Gogo shares have risen 72% since the beginning of the year. The stock has increased nearly 2% 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