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Thursday, March 13, 2014

Gogo (GOGO) reported Q4 earnings Thursday 13 March 2014

Beat on EPS by $0.01, beat on revs; guided FY14 revs in-line.

Gogo announced surprisingly strong fourth-quarter earnings results this morning. Sales jumped by 46% to hit $93 million -- well ahead of the $85 million that analysts expected. However, the in-flight wireless provider's operating loss grew as it continued to spend heavily on international expansion. Gogo lost $14 million this quarter, compared to $10 million in the year-ago period. The company provided a confident outlook for 2014 that called for sales to spike by 30% as more aircraft are upgraded to faster data delivery systems.

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