09:48 AM EDT, 05/07/2024 (MT Newswires) -- Gogo ( GOGO ) reported Q1 net income Tuesday of $0.23 per diluted share, compared with $0.15 a year earlier.

Analysts polled by Capital IQ expected $0.07.

Revenue for the quarter ended March 31 was $104.3 million, up from $98.6 million a year earlier.

Analysts surveyed by Capital IQ expected $96.6 million.

For 2024, the in-flight connectivity company is reiterating revenue outlook of $410 million to $425 million. Analysts polled by Capital IQ are looking for $416.2 million.

Gogo ( GOGO ) shares were 7.9% higher in early trading Tuesday.

Price: 10.15, Change: +0.74, Percent Change: +7.86