ViaSat: Fiscal 2Q Earnings Snapshot
ViaSat: Fiscal 2Q Earnings Snapshot
CARLSBAD, Calif. (AP) _ ViaSat Inc. (VSAT) on Thursday reported a loss of $25.7 million in its fiscal second quarter.
The Carlsbad, California-based company said it had a loss of 43 cents per share. Losses, adjusted for one-time gains and costs, were 15 cents per share.
The provider of satellite and wireless networking technology posted revenue of $517.5 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $464.5 million.
ViaSat shares have decreased 14 percent since the beginning of the year. The stock has declined roughly 2 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VSAT at https://www.zacks.com/ap/VSAT