ViaSat Q2 Profit Up

(RTTNews) - ViaSat Inc. (VSAT), an innovator in satellite and other wireless networking systems and services, reported that its net income attributable to the company for the second quarter of fiscal year 2015 significantly increased to $23.95 million or $0.50 per share from $1.90 million or $0.04 per share in the same quarter last year.

Non-GAAP net income attributable to common stockholders was $0.68 per share compared to $0.20 per share in the fiscal year 2014 second quarter.

Total revenues for the quarter were $358.76 million up from $353.88 million in the previous year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share and revenues of $338.93 million for the quarter. Analysts' estimates typically exclude special items.