08.08.2017 22:45:56

Viasat Inc Q1 Earnings Drop 78%

(RTTNews) - Viasat Inc (VSAT) released a profit for first quarter that lost ground compared to the same period last year.

The company said its profit fell to $2.5 million, or $0.04 per share. This was down from $11.3 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.7% to $380.0 million. This was up from $363.1 million last year.

Viasat Inc earnings at a glance:

-Earnings (Q1): $2.5 Mln. vs. $11.3 Mln. last year. -Earnings Decline (Y-o-Y): -77.9% -EPS (Q1): $0.04 vs. $0.23 last year. -EPS Decline (Y-o-Y): -82.6% -Analysts Estimate: $0.06 -Revenue (Q1): $380.0 Mln vs. $363.1 Mln last year. -Revenue Change (Y-o-Y): 4.7%

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ViaSat Inc. 10,82 20,76% ViaSat Inc.