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Boingo Wireless Inc. on Thursday reported a loss of $10 million in its first quarter.
The Los Angeles-based company said it had a loss of 27 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 27 cents per share.
The provider of Wi-Fi hotspots in airports and other public places posted revenue of $34.5 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $33.9 million.
For the current quarter ending in July, Boingo said it expects revenue in the range of $37.5 million to $40.5 million.
The company expects a full-year loss of 79 cents to 68 cents per share, with revenue ranging from $158 million to $164 million.
Boingo shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.55, a decline of 7 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
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