CHICAGO (AP) _ Gogo Inc. (GOGO) on Monday reported a loss of $44.2 million in its second quarter.
The Chicago-based company said it had a loss of 56 cents per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share.
The in-flight internet provider posted revenue of $172.8 million in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $168.2 million.
Gogo expects full-year revenue in the range of $670 million to $695 million.
Gogo shares have climbed 42 percent since the beginning of the year. The stock has increased 28 percent in the last 12 months.
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