ViaSat Reports Q3 Loss, Missing Expectations
CARLSBAD, Calif., Oct. 26, 2023 - ViaSat Inc. (VSAT) reported a net loss of $158.4 million, or $1.23 per share, in its fiscal third quarter ended September 30, 2023.
Analysts had anticipated a narrower loss of 91 cents per share, according to Zacks Investment Research.
Revenue for the quarter totaled $1.12 billion, also falling short of the consensus estimate of $1.13 billion from six analysts polled by Zacks.
ViaSat provides satellite and wireless networking technology solutions.