Just caught Gogo's Q4 earnings and there's some interesting divergence here. Revenue came in at $230.56M, beating estimates by 3.36%, which sounds solid on the surface. But here's where it gets messy - EPS completely missed, landing at -$0.01 when analysts expected $0.02. That's a 166.67% miss, pretty rough.

Digging into the metrics, Gogo actually crushed it on ATG units sold - 472 versus the 295 estimate. Service revenue also outperformed at $191.86M against $187.19M expected. Equipment revenue jumped 103.8% year-over-year. So the underlying business looks stronger than the bottom line suggests.

But the market didn't care much. Gogo shares are down 4.2% over the past month while the S&P 500 barely budged at -0.5%. Stock's got a Zacks Rank #4 (Sell rating), suggesting it could underperform near-term. Interesting disconnect between solid operational metrics and investor sentiment on Gogo right now.