CHICAGO (AP) _ Gogo Inc. (GOGO) on Thursday reported a loss of $59.7 million in its fourth quarter.
The Chicago-based company said it had a loss of 74 cents per share. Losses, adjusted to extinguish debt, were 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 74 cents per share.
The in-flight internet provider posted revenue of $217.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $213.3 million.
For the year, the company reported that its loss narrowed to $162 million, or $2.02 per share. Revenue was reported as $893.8 million.
Gogo expects full-year revenue in the range of $800 million to $850 million.
The company's shares closed at $4.25. A year ago, they were trading at $10.48.
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