Viasat Inc Profit Falls 74% In Q2

(RTTNews) - Viasat Inc (VSAT) announced earnings for second quarter that declined from last year.

The company said its profit dropped to $5.2 million, or $0.09 per share. This was lower than $20.3 million, or $0.40 per share, in last year's second quarter.

Analysts had expected the company to earn -$0.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $393.1 million. This was down from $399.2 million last year.

Viasat Inc earnings at a glance:

-Earnings (Q2): $5.2 Mln. vs. $20.3 Mln. last year. -Earnings Decline (Y-o-Y): -74.4% -EPS (Q2): $0.09 vs. $0.40 last year. -EPS Decline (Y-o-Y): -77.5% -Analysts Estimate: -$0.03 -Revenue (Q2): $393.1 Mln vs. $399.2 Mln last year. -Revenue Change (Y-o-Y): -1.5%