Gogo Inc. (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced that Oakleigh Thorne, president and CEO of Gogo, will participate in a Fireside Chat at the Cowen 2020 Virtual TMT Conference.

The reality about the impact of COVID-19 in the U.S. seemed to sink in with Americans on Thursday as more schools shut down, Disneyland closed its doors, and store shelves in some cities were emptied of pantry goods and paper items.

In-flight internet company Gogo plans to furlough 60 percent of its workforce and salaries for most employees as part of a cost reduction plan due the effects of the Covid-19 pandemic on its business.

Gogo Inc. (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced that it will release its financial results for the first quarter of 2020 before the market opens on May 11, 2020. The Company will host a conference call with financial analysts the same day at 8:30 a.m. (ET).

Shares of Gogo Inc. tumbled 10% said Tuesday after the provider of in-flight connectivity and wireless entertainment said it will furlough more than 600 employees, or about 60% of its workforce, as part of its plan to cut costs as a result of the COVID-19 pandemic. The company said it will also reduce compensation for most other employees, including a 30% cut of Chief Executive Oakleigh Thorne's salary. Gogo said the cuts were necessary as as 60% of its revenue comes from its two commercial airline segments, and passenger traffic on the airlines using Gogo's service has dropped 95% this month. In addition, the remaining 40% of Gogo's revenue comes from its business aviation business, which has seen a "sharp decrease" in flight activity. Other actions Gogo is taking to deal with COVID-19-related impacts include renegotiating terms with suppliers, delaying equipment installations, cutting marketing and travel expenses and applying for an $81 million grant and $150 million loan under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The stock has plunged 71% over the past three months, while the S&P 500 has lost 17%.

Investors need to pay close attention to GOGO stock based on the movements in the options market lately.

Shares of Gogo (NASDAQ:GOGO) rose 6.4% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 88.00% over the past year to ($0.47), which missed the estimate of ($0.37).Revenue of $184,475,000 less by 7.55% from the same period last year, which beat the estimate of $175,470,000.Outlook Gogo hasn't issued any earnings guidance for the time being.Gogo hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 11, 2020View more earnings on GOGOTime: 08:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/tz5v5phqPrice Action Company's 52-week high was at $7.2352-week low: $1.33Price action over last quarter: down 17.78%Company Profile Gogo Inc is a US-based in-flight connectivity system and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.See more from Benzinga * Stocks That Hit 52-Week Lows On Wednesday * Stocks That Hit 52-Week Lows On Tuesday * 9 Communication Services Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Investors need to pay close attention to Gogo (GOGO) stock based on the movements in the options market lately.

Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced its financial results for the quarter and full-year ended December 31, 2019.

Gogo (NASDAQ: GOGO) today announced that effective May 4, it will furlough approximately 60% of its workforce and reduce compensation for most other employees as part of a broad-based cost reduction plan due to the impact of COVID-19.

Gogo (GOGO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Gogo Business Aviation (NASDAQ: GOGO) has submitted a petition to the U.S. Patent and Trademark Office requesting an inter partes review of U.S. Patent No. 9,312,947 ("the '947 patent") granted to SmartSky Networks, LLC.

Q4 2019 Gogo Inc Earnings Call

Gogo (GOGO) delivered earnings and revenue surprises of -16.22% and 3.48%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

Q1 2020 Gogo Inc Earnings Call

Gogo (NASDAQ:GOGO) reported Q4 results.Quarterly Results Earnings per share were up 44% over the past year to ($0.28), which beat the estimate of ($0.47).Revenue of $221,310,000 up by 1.88% from the same period last year, which beat the estimate of $206,770,000.Guidance Q1 revenue expected to be between $800,000,000 and $850,000,000.Details Of The Call Date: Mar 13, 2020Time: 10:04 AM ETView more earnings on GOGOWebcast URL: https://edge.media-server.com/mmc/p/go8s2zhkTechnicals 52-week high: $7.2352-week low was at $1.77Price action over last quarter: down 70.31%Company Description Gogo Inc is a US-based in-flight connectivity systems and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, and Commercial Aviation Rest of World. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.See more from Benzinga * 11 Communication Services Stocks Moving In Tuesday's Pre-Market Session * 36 Communication Services Stocks Moving In Tuesday's Session * 12 Telecom Services Stocks Moving In Tuesday's Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Gogo (GOGO) delivered earnings and revenue surprises of 42.86% and 6.91%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

GOGO earnings call for the period ending March 31, 2020.

The latest analyst coverage could presage a bad day for Gogo Inc. (NASDAQ:GOGO), with the analysts making...