Gogo Inc.’s GOGO +8.97% shares rose 8% in premarket trade Monday after the communication-services provider that offers Wi-Fi on airplanes reported first-quarter results that beat expectations.
The company, based in Itasca, Ill., reported a loss of 20 cents per share – an improvement on the per-share loss of $4.77 a year ago – on revenues of $95.69 million, up from 70.75 million a year ago. Wall Street forecast a 24-cent loss on revenue of $93.5 million.
WHAT TO TAKE AWAY FROM THIS ARTICLE:
- Wall Street forecast a 24-cent loss on revenue of $93.
- .
- The company, based in Itasca, Ill.
