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ViaSat: Fiscal 2Q Earnings Snapshot

Associated Press
Updated

CARLSBAD, Calif. (AP) _ ViaSat Inc. (VSAT) on Thursday reported fiscal second-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.

The Carlsbad, California-based company said it had profit of 5 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The provider of satellite and wireless networking technology posted revenue of $592.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $568.7 million.

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ViaSat shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $66.41, a drop of 7% in the last 12 months.

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