VSAT News

Stocks

Headlines

Viasat Inc Reports Q3 Earnings Miss with Increased Losses

Viasat Inc reported significant losses in Q3, with EPS at -$1.23. The earnings miss and slight revenue decline may negatively impact investor sentiment and stock price.

Date: 
AI Rating:   4

Earnings Per Share (EPS): Viasat Inc reported an EPS of -$1.23 for Q3, which is a decline from -$0.99 year-over-year. This more significant loss indicates worsening financial difficulties, which is a strong negative signal for investors.

Revenue Growth: The company reported revenue of $1.123 billion, a slight decrease from $1.128 billion in the same period last year. Although the drop is marginal, it could raise concerns about the company’s growth potential.

Net Income: The net income figures were not explicitly mentioned, but the overall earnings indicate a substantial net loss of -$158.4 million, worsening from -$124.4 million year-over-year. This deterioration in net income is a significant red flag for potential investors.