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ViaSat: Fiscal 1Q Earnings Snapshot

CARLSBAD, Calif. (AP) _ ViaSat Inc. (VSAT) on Thursday reported a loss of $11.5 million in its fiscal first quarter.

On a per-share basis, the Carlsbad, California-based company said it had a loss of 19 cents. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

The provider of satellite and wireless networking technology posted revenue of $537 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $503.3 million.

ViaSat shares have increased 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $77.77, an increase of 11% 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 VSAT at https://www.zacks.com/ap/VSAT