Gogo Inc. (GOGO) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $30.49 million, or $0.23 per share. This compares with $20.45 million, or $0.15 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.8% to $104.32 million from $98.60 million last year.
Gogo Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $30.49 Mln. vs. $20.45 Mln. last year.
-EPS (Q1): $0.23 vs. $0.15 last year.
-Revenue (Q1): $104.32 Mln vs. $98.60 Mln last year.
-Guidance:
Full year revenue guidance: $410 Mln-$425 Mln
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