gogo

Gogo Flies Over Q2 Street Views On Earnings and Revenue - Shares Jump 12% Pre-Bell

Gogo ( GOGO ) shares were up almost 12% pre-market Wednesday after the in-flight internet company reported narrower losses and higher revenues than Street expectations for Q2.

Gogo reported Q2 loss per share of $0.47, narrower than the Street view for a loss of $0.75 as compiled by Capital IQ, and narrower than the $0.56 loss reported a year earlier.

The company reported Q2 revenue of $227.5 million, above the Street view of $207.6 million, and up from $172.8 million a year earlier.

Gogo affirmed previous outlook of full-year 2018 revenue of $865 million to $935 million, which straddles the $877.2 million mean estimate. The company also expects consolidated capital expenditures of $150 million to $170 million and adjusted EBITDA of $35 million to $45 million.

The company slated an 8:30 am ET conference call.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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