Stock Track | Gogo Stock Soars Over 30% on Impressive Q3 Earnings Beat

Stock Track11-05

Shares of in-flight internet provider Gogo Inc. (NASDAQ: GOGO) skyrocketed over 30% on Monday following the company's strong third-quarter 2024 earnings report. Gogo surpassed Wall Street's expectations across the board, fueling a surge in investor optimism about the resilient demand for its connectivity services.

For the third quarter, Gogo reported earnings per share of $0.08, handily beating analysts' consensus estimate of $0.05 by a wide 60% margin. The company's revenue of $100.5 million also exceeded forecasts, climbing 2.6% year-over-year and surpassing the $97.3 million analysts had projected.

The robust results and upside surprise underscore Gogo's ability to maintain its growth trajectory amid a challenging macroeconomic environment. Investors cheered the better-than-expected quarterly performance, interpreting it as a positive sign for the company's prospects going forward. Additionally, Gogo provided an upbeat full-year 2024 revenue outlook for its business aviation segment, forecasting revenue between $400 million and $410 million.

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(NASDAQ: GOGO) skyrocketed over 30% on Monday following the company's strong third-quarter 2024 earnings report. Gogo surpassed Wall Street's ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOGO","symbol_name":"Gogo Inc.","start_time":0,"source_url":"","article_id":"1130483960","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130483960","pubTimestamp":1730817752,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of in-flight internet provider Gogo Inc.  skyrocketed over 30% on Monday following the company's strong third-quarter 2024 earnings report. 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