Gogo Announces Third Quarter 2020 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/11/2026

1. HUM
2. SPCX
3. ALHC
4. T
5. PEP
6. TMUS
7. SPY
8. CVS
9. UNH
10. ZETA

Go back to Gogo Announces Third Quarter 2020 Financial Results

Gogo (GOGO) Tops Q3 EPS by 66c

November 9, 2020 7:09 AM EST

Gogo (NASDAQ: GOGO) reported Q3 EPS of ($0.11), $0.66 better than the analyst estimate of ($0.77). Revenue for the quarter came in at $66.5 million versus the consensus estimate of $111.43 million.

Third Quarter 2020 Business Aviation Financial Results: Continuing Operations

Total revenue decreased to $66.5 million, down 18% from Q3 2019, driven by declines in both service and equipment revenue caused by the negative impact of COVID-19. However, total revenue grew 22% sequentially from Q2 2020, driven by a 21% increase in service revenue and a 25% increase in equipment revenue.Service revenue decreased to $53.3 million,... More