— Gogo (NASDAQ: GOGO) reported a third-quarter 2019 loss of $0.28 per share versus $0.56 per share expected.
— Total revenue decreased by 7% to $201.18 million versus $206.07 million expected.
— Service revenue from Commercial Aviation – North America fell by 14% on deinstallation of ATG equipment from 555 aircraft at American Airlines. However, equipment revenue plunged by 75%.
— Service revenue from Commercial Aviation – Rest of World increased by 28% on higher aircraft online while equipment revenue dropped by 26% due to fewer installations under the airline-directed model.
— Service revenue in Business Aviation grew by 12% on higher ATG units online while equipment revenue rose by 7% due to increased AVANCE L5 shipments in both the OEM and aftermarket channels.
— Looking ahead into the full year 2019, the company reaffirmed its revenue outlook in the range of $800 million to $850 million. This is compared to the consensus estimates of $830.69 million.
— Adjusted EBITDA guidance is raised to the range of $120 million to $130 million from the previous range of $105 million to $115 million. The revised forecast represents 76% year-over-year mid-point growth.
Most Popular
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
