Gogo: Q1 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Gogo Inc. (GOGO) on Wednesday reported first-quarter net income of $20.4 million.

The Broomfield, Colorado-based company said it had profit of 15 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The in-flight internet provider posted revenue of $98.6 million in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $101.5 million.

Gogo expects full-year revenue in the range of $440 million to $455 million.

_____

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

Advertisement

Recommended Stories