For the second quarter Gogo reported a loss of -22 cents share, beating the Capital IQ Consensus Estimate of -23 cents a share by 1 cent. Revenue grew 25.3% year-over-year to $99.5 million for the quarter. Analysts expected revenue of $99.4 million for the quarter.
Looking to the full year, Gogo said it expects adjusted EBITDA to be "toward the low end" of its previous range of $8 million to $18 million due to increased spending for STCs for international service.
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- You can view the full analysis from the report here: GOGO Ratings Report