Gogo Announces Third Quarter 2020 Financial Results
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Gogo (GOGO) Tops Q3 EPS by 66c
November 9, 2020 7:09 AM ESTGogo (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