Gogo Inc reports results for the quarter ended June 30 - Earnings Summary

• Gogo Inc GOGO.OQ reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of five analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 10 cents to 13 cents per share.

• Revenue rose 121.5% to $226.04 million from a year ago; analysts expected $220.12 million.

• Gogo Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $12.81 million.

• Gogo Inc shares had risen by 4.3% this quarter and gained 89.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Gogo Inc is $16.50, about 7.2% above its last closing price of $15.31

This summary was machine generated from LSEG data August 7 at 05:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)