Global Eagle Loss Narrows

(RTTNews) - Global Eagle Entertainment Inc. (ENT) Tuesday reported third-quarter net loss to common stockholders of $5.5 million or $0.10 per share, compared with a net loss of $10.6 million or $0.52 per share last year.

Revenues for the quarter surged to $74.5 million from $19 million a year ago.

Analysts polled by Thomson Reuters estimated a loss of $0.06 per share on revenues of $71.09 million for the quarter.

Global Eagle Entertainment provides media content, content management solutions, and satellite-delivered connectivity services and hardware to commercial airlines passengers and other out-of-home markets.