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RigNet: 3Q Earnings Snapshot

·1 min read

HOUSTON (AP) _ RigNet Inc. (RNET) on Thursday reported a loss of $5.5 million in its third quarter.

The Houston-based company said it had a loss of 25 cents per share.

The communications provider for the oil and gas industry posted revenue of $48.7 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $4.20. A year ago, they were trading at $5.62.

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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 RNET at https://www.zacks.com/ap/RNET