ViaSat Inc., based in Carlsbad, California, reported a loss of $767.2 million in its fiscal second quarter. This translates to a loss of $6.16 per share.
The company’s financial results were below the expectations of Wall Street analysts. Five analysts surveyed by Zacks Investment Research had estimated earnings of 48 cents per share.
Despite the disappointing earnings, ViaSat’s revenue for the period was $1.23 billion, surpassing Street forecasts. The same five analysts surveyed by Zacks had expected revenue of $1.06 billion.
ViaSat is a provider of satellite and wireless networking technology. They offer a range of services in this field.
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