BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Gogo Inc. (GOGO) on Friday reported a loss of $10 million in its fourth quarter.
The Broomfield, Colorado-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 1 cent per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The in-flight internet provider posted revenue of $230.6 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $223.1 million.
For the year, the company reported profit of $12.9 million, or 9 cents per share. Revenue was reported as $910.5 million.
Gogo expects full-year revenue in the range of $905 million to $945 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOGO at https://www.zacks.com/ap/GOGO
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