Gogo (GOGO) Tops Q2 EPS by 28c, Revenue Beats, Reaffirms Guidance

Gogo (NASDAQ: GOGO) reported Q2 EPS of ($0.47), $0.28 better than the analyst estimate of ($0.75). Revenue for the quarter came in at $227.5 million versus the consensus estimate of $207.64 million.

GUIDANCE:

Gogo sees FY2018 revenue of $865-935 million, versus the consensus of $877.2 million.

• An increase in 2Ku aircraft on-line to be at the low end of 550 to 650
• Consolidated capital expenditures of $150 million to $170 million and Cash CAPEX (1) of $110 million to $130 million
• Adjusted EBITDA(1) of $35 million to $45 million

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

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