BROOMFIELD, Colo. (AP) 鈥� BROOMFIELD, Colo. (AP) 鈥� Gogo Inc. (GOGO) on Thursday reported a loss of $2 million in its second quarter.
The Broomfield, Colorado-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The in-flight internet provider posted revenue of $222.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $228.2 million.
Gogo expects full-year revenue in the range of $870 million to $895 million.
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