Why Gogo (GOGO) Stock Is Up Today

NEW YORK (TheStreet) -- Gogo (GOGO) stock is moving higher on Monday after the company posted higher revenues and fewer net losses than analysts expected. 

By midmorning, shares had added 7.6% to $12.84. 

Over the three months to March, the provider of in-flight WiFi recorded a net loss of 20 cents a share, a nickel narrower than analysts surveyed by Thomson Reuters anticipated. 

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Revenue of $95.7 was 35.2% higher year over year and beat estimates of $94 million. 

Management also reiterated guidance for revenue between $400 million and $422 million. Analysts expect $412.9 million.

Shares of the company plunged in late April on the news AT&T (T) was delving into the market and planned to price its in-flight internet services aggressively. 

Must Read: Warren Buffett's 10 Favorite Growth Stocks

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GOGO Chart GOGO data by YCharts

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