Recap: Viasat Q3 Earnings
Portfolio Pulse from Benzinga Insights
Viasat (NASDAQ:VSAT) reported Q3 earnings with a significant beat on estimated earnings by 60%, posting an EPS of $0.24 against an estimate of $0.15. Revenue increased by $414.40 million from the same period last year. The company's past earnings performance shows a consistent pattern of beating EPS estimates, which has positively impacted its share price in the past.
February 06, 2024 | 9:30 pm
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Viasat reported a significant beat on Q3 earnings with an EPS of $0.24, surpassing estimates by 60%, and a notable year-over-year revenue increase. Historical data suggests positive share price movement following earnings beats.
Viasat's substantial beat on earnings estimates and the historical positive reaction of its share price to earnings beats suggest a likely short-term upward movement in its stock price. The company's consistent performance in surpassing earnings expectations and its significant year-over-year revenue growth further reinforce this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100