BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Gogo Inc. (GOGO) on Friday reported first-quarter net income of $12 million.
On a per-share basis, the Broomfield, Colorado-based company said it had profit of 9 cents. Earnings, adjusted for amortization costs, were 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The in-flight internet provider posted revenue of $230.3 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $214.5 million.
Gogo expects full-year revenue in the range of $870 million to $910 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOGO at https://www.zacks.com/ap/GOGO
