Gogo: Q4 Earnings Snapshot

Associated Press Finance
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BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Gogo Inc. (GOGO) on Wednesday reported fourth-quarter earnings of $14.5 million.

On a per-share basis, the Broomfield, Colorado-based company said it had net income of 11 cents.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 11 cents per share.

The in-flight internet provider posted revenue of $97.8 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $96.7 million.

For the year, the company reported profit of $145.7 million, or $1.09 per share. Revenue was reported as $397.6 million.

Gogo expects full-year revenue in the range of $410 million to $425 million.

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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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