BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Gogo Inc. (GOGO) on Friday reported a loss of $28.2 million in its fourth quarter.
On a per-share basis, the Broomfield, Colorado-based company said it had a loss of 22 cents. Earnings, adjusted for costs related to mergers and acquisitions, came to 7 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The in-flight internet provider posted revenue of $137.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $98 million.
For the year, the company reported profit of $13.7 million, or 10 cents per share. Revenue was reported as $444.7 million.
Gogo expects full-year revenue in the range of $870 million to $910 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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