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RigNet: 2Q Earnings Snapshot

HOUSTON (AP) _ RigNet Inc. (RNET) on Monday reported a loss of $6.1 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 32 cents.

The communications provider for the oil and gas industry posted revenue of $60.3 million in the period.

RigNet shares have decreased 36% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.11, a decrease of 36% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RNET at https://www.zacks.com/ap/RNET