CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — ViaSat Inc. (VSAT) on Tuesday reported a loss of $100.3 million in its fiscal fourth quarter.
The Carlsbad, California-based company said it had a loss of 80 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The provider of satellite and wireless networking technology posted revenue of $1.15 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.11 billion.
For the year, the company reported a loss of $1.07 billion, or $9.12 per share. Revenue was reported as $4.28 billion.
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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
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