GoGo Goes Lower Amid Earnings, Lowered Guidance

Shares of Gogo 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.