CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — ViaSat Inc. (VSAT) on Wednesday reported a loss of $32.9 million in its fiscal first quarter.
The Carlsbad, California-based company said it had a loss of 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The provider of satellite and wireless networking technology posted revenue of $1.13 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.08 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
