Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Gogo Stock Plunged Today

TheMotleyFool 
0 0 07.08.23
Why Gogo Stock Plunged TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png
 

Shares of Gogo (NASDAQ: GOGO) were down 17.9% as of 2:30 p.m. ET on Monday, according to data provided by S&P Global Market Intelligence, after the in-flight broadband connectivity specialist announced solid second-quarter 2023 results, but also lowered its full-year and longer-term guidance.

Quarterly revenue climbed 6% year over year to $103.2 million (roughly in line with analysts' expectations), including an 8% increase in service revenue to $79.1 million, and a 2% decline in equipment revenue, to $24.2 million.

On the bottom line, that translated to net income of $89.8 million, or $0.67 per share -- though that included a $0.48-per-share tax benefit during the quarter. Adjusted for that item, Gogo's net income was $0.19 per share, above Wall Street's estimates of $0.14.

Continue reading


Source Fool.com

Gogo Inc. Stock

€2.40
-2.440%
We can see a decrease in the price for Gogo Inc.. Compared to yesterday it has lost -€0.060 (-2.440%).

Show more
Like: 0
GOGO
Share

Comments

Not a member yet? Sign up for free!