Gogo (NASDAQ: GOGO) reported Q3 EPS of ($0.47), $0.25 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $217.3 million versus the consensus estimate of $214.86 million.

"Gogo's third quarter results demonstrated solid financial and operational performance," said Oakleigh Thorne, Gogo's President and CEO. "In our CA business, we have installed nearly 1,000 2Ku aircraft and strong 2Ku performance is driving customer satisfaction and higher take rates. In our BA segment, strong AVANCE equipment sales are setting the stage for continued service revenue growth."

"Strong third quarter Adjusted EBITDA of $21.1 million exceeded expectations due largely to strong BA performance, higher CA service revenue, and lower operating expenses as we implement our Integrated Business Plan ("IBP") initiatives," said Barry Rowan, Gogo\'s Executive Vice President and CFO. "We are raising our 2018 Adjusted EBITDA guidance to a range of $45 million to $60 million from the previous range of $35 million to $45 million. Gogo is well positioned for strong Adjusted EBITDA growth in 2019."

GUIDANCE:

Gogo sees FY2018 revenue of $865-935 million, versus the consensus of $894.69 million.

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