Gogo tumbles on trimming annual rev forecast

Gogo

07/08/2023 19:16

** Shares of in-flight internet provider Gogo  GOGO.O  down
18.4% at $12.55
    ** Co lowers 2023 total rev forecast to $410 mln-$420 mln vs
prior guidance in the range of $440 mln-$455 mln 
    ** GOGO posts Q2 rev of $103.22 mln, slightly missing
analysts' est. of $103.24 mln - Refinitiv 
    ** Co, however, posts Q2 profit of 67 cents per share, ahead
of analysts' est. of 14 cents per share
    ** GOGO shares down 15.14% YTD


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))