Gogo (GOGO) Misses Q2 EPS by 11c; Boosts FY16 Installation Outlook

Gogo (NASDAQ: GOGO) reported Q2 EPS of ($0.51), $0.11 worse than the analyst estimate of ($0.40). Revenue for the quarter came in at $147.5 million versus the consensus estimate of $141.46 million.

GUIDANCE:

Gogo sees FY2016 revenue of $575 - $595 million.

In-flight connectivity installations

• CA-NA net new installations of approximately 300 aircraft in 2016, including approximately 600 ATG-4 aircraft installations and upgrades
• CA-ROW net new installations of approximately 75 aircraft in 2016 and more than 200 aircraft in 2017
• 2Ku installations of 75 to 100 aircraft in 2016 and 350 to 450 aircraft in 2017

For earnings history and earnings-related data on Gogo (GOGO) click here.

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