ViaSat Shares Fall On Q4 Results, Forward Guidance
Portfolio Pulse from Erica Kollmann
ViaSat, Inc. (NASDAQ:VSAT) shares fell 12.5% after the company reported a fourth-quarter adjusted loss of 24 cents per share, beating analyst estimates. Quarterly sales were $1.15 billion, also surpassing expectations. Despite strong revenue growth in Satellite Services and Government Systems, the company expects flat revenue growth for fiscal year 2025.
May 21, 2024 | 9:09 pm
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ViaSat reported a Q4 adjusted loss of 24 cents per share, beating estimates. Quarterly sales were $1.15 billion, also surpassing expectations. Despite strong revenue growth in Satellite Services and Government Systems, the company expects flat revenue growth for fiscal year 2025.
The stock price fell 12.5% after hours due to the mixed results. While the company beat earnings and revenue estimates, the outlook for flat revenue growth in fiscal year 2025 likely disappointed investors.
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