=Gogo (GOGO) reported earnings on Tue 6 Nov 2018 (b/o)

Gogo beats by $0.21, beats on revs; reaffirms FY18 revs guidance, raises Adj-EBITDA outlook, lowers 2Ku aircraft guidance

Reports Q3 (Sep) GAAP loss of $0.47 per share, $0.21 better than the single analyst GAAP estimate of ($0.68); revenues rose 25.7% year/year to $217.26 mln vs the $212.01 mln S&P Capital IQ Consensus.

Co updates guidancefor FY18, continues to see FY18 revs of $865-935 mln vs. $894.68 mln S&P Capital IQ Consensus; sees Adj-EBITDA of $45-60 mln (Prior $35-45 mln), sees a 450 to 500 increase in 2Ku aircraft online (Previously guided for low-end of 550-650)