Gogo reports Q2 EPS 67 with items, consensus 14c

Reports Q2 revenue $103.2M, consensus $103.24M. Q2 EPS includes 48c related to the income tax benefit. “We are in a two-year investment cycle to take advantage of new technologies like 5G, LEO satellite and LTE to deliver order-of-magnitude improvements in network speed and coverage for our customers, grow our addressable market by 50%, and strengthen our competitive position,” said Oakleigh Thorne, Chairman and CEO. “We expect to see the payback for these investments to start in 2025 and drive substantial returns for shareholders in the latter half of the decade.”