Gogo (NASDAQ: GOGO) reported Q2 EPS of ($0.56), $0.06 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $172.8 million versus the consensus estimate of $167.76 million.

Gogo reaffirms all 2017 and long-term guidance previously provided in the fourth quarter 2016 earnings press release. The Company expects:

• 2017 2Ku installations of 450 to 550 aircraft, including approximately 150 in CA-ROW.
• Total revenue at the high end of guidance range of $670 million to $695 million.
• Adjusted EBITDA at the low end of guidance range of $60 million to $75 million, as a result of investments in launching 2Ku service for new and existing airline partners, OEM programs, and development of Gogo's next generation ATG solution. Adjusted EBITDA is expected to increase substantially in the second half of 2017 and in 2018.
• Gross capital expenditures of $290 million to $330 million and Cash CapEx of $230 million to $260 million, of which approximately 70% is related to success-based airborne equipment purchases.

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