Gogo Posts Better-Than-Expected Q4 Results, Gives Okay Guidance
Shares of Gogo (NASDAQ: GOGO) are up only slightly in Thursday's pre-market session after the company beat fourth-quarter analyst estimates and gave some inline-to-bullish guidance.
The company reported a loss of $0.26 per share, topping analyst estimates by a penny, and also beat on revenue of $92.6 million vs $85.45 million estimates.
Gogo offered upbeat guidance, suggesting full year 2014 revenue will be in the range of $400-422 million on adjusted EBITDA in the $8-18 million range.
Shares of Gogo have traded in a wide range since opening at $16 in June of last year. The stock fell to as low as $9.71 and hit a high of $35.77.
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