Gogo: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:16 AM ET
Last Updated - Jun 21, 2023, 11:31 PM EDT
BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Gogo Inc. (GOGO) on Wednesday reported first-quarter net income of $20.4 million.
The Broomfield, Colorado-based company said it had profit of 15 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The in-flight internet provider posted revenue of $98.6 million in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $101.5 million.
