CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — ViaSat Inc. (VSAT) on Thursday reported fiscal third-quarter earnings of $25 million.
The Carlsbad, California-based company said it had profit of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 79 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The provider of satellite and wireless networking technology posted revenue of $1.16 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.17 billion.
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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