FX.co ★ Viasat Inc Q2 Earnings Summary

In the latest financial update from Viasat Inc (VSAT), the company reported significant improvement in its earnings for the second quarter. The net loss was reduced to $137.6 million, compared to a much larger loss of $767.2 million in the corresponding quarter of the previous year. Earnings per share were reported at -$1.07, an improvement from the -$6.16 reported in the same period last year. When excluding certain items, Viasat Inc recorded adjusted earnings of -$29.4 million or -$0.23 per share for the quarter. Analysts had anticipated a loss of $0.54 per share. Additionally, Viasat's revenue totaled $1.122 billion, a slight decline from the $1.225 billion reported in the comparable period of the previous year.