Before the opening bell, the Chicago-based provider of in-flight Internet and entertainment posted a net loss of 42 cents per diluted share on revenue of $147.3 million. Revenue rose 17% year-over-year.
Analysts surveyed by FactSet were projecting a loss of 45 cents per share on revenue of $146.8 million.
For 2016, Gogo continues to see revenue above the midpoint of its range of $575 million to $595 million. Analysts are forecasting full-year revenue of $591 million, according to FactSet.
"We are delighted by the rapid acceptance of our 2Ku system, which is delivering streaming class connectivity service and which we are installing at an ever-growing pace" CEO Michael Small said in a statement.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk.
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.
You can view the full analysis from the report here: GOGO