CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — ViaSat Inc. (VSAT) on Tuesday reported a loss of $246.1 million in its fiscal fourth quarter.
The Carlsbad, California-based company said it had a loss of $1.89 per share. Losses, adjusted for one-time gains and costs, came to 2 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The provider of satellite and wireless networking technology posted revenue of $1.15 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $1.13 billion.
For the year, the company reported a loss of $575 million, or $4.48 per share. Revenue was reported as $4.52 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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