GoGo Goes Lower Amid Earnings, Lowered Guidance
Shares of Gogo (NASDAQ: GOGO) reported an earnings loss of 0.22 per share, which beat expectations by a penny.
Revenue also beat slightly, coming in at $99.5 million versus consensus of $99.35 million.
Guidance came in lower, however, with the company stating expected adjusted EBITDA toward the low end of the $8 million to $18 million range.
Gogo traded recently at $15.06, down 5.7 percent.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.