Before the market open today, the in-flight Internet provider reported earnings of 43 cents per share, which was in-line with analysts' forecasts.
Revenue rose by 26% year-over-year to $137.8 million during the quarter, higher than analysts' forecasts for revenue of $131.13 million. Service revenue climbed by 29% year-over-year.
Gogo projected 2016 revenue to range between $575 million to $595 million, in-line with Wall Street's projections for full-year revenue of about $583 million.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: GOGO