Gogo (GOGO) Misses Q1 EPS by 2c
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Gogo Announces First Quarter 2017 Financial Results
May 4, 2017 7:00 AM EDTCHICAGO, May 4, 2017 /PRNewswire/ --Â Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced its financial results for the quarter ended March 31, 2017.
First Quarter 2017 Consolidated Financial Results
Revenue increased to $165.4 million, up 17% from Q1 2016. Service revenue increased to $146.5 million, up 23% from Q1 2016, driven by a 9% increase in commercial aircraft online to 2,995, an 18% increase in ATG business aircraft online to 4,341, and increased customer usage across all segments. Net loss... More