ViaSat (VSAT) Reports Q2 Loss, Tops Revenue Estimates
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ViaSat (VSAT) reported a Q2 loss of $1.07 per share, which was larger than the Zacks Consensus Estimate of a $0.56 loss. However, the company topped revenue estimates.
November 07, 2024 | 12:00 am
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ViaSat reported a larger-than-expected Q2 loss of $1.07 per share, missing the Zacks Consensus Estimate of a $0.56 loss. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact investor sentiment, potentially leading to a short-term decline in stock price. However, the revenue beat may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100