Viasat Inc Reveals 22% Retreat In Q3 Bottom Line

(RTTNews) - Viasat Inc (VSAT) reported earnings for third quarter that fell compared to the same period last year.

The company said its earnings dropped to $15.5 million, or $0.29 per share. This was down from $19.8 million, or $0.40 per share, in last year's third quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $380.6 million. This was up from $347.89 million last year.

Viasat Inc earnings at a glance:

-Earnings (Q3): $15.5 Mln. vs. $19.8 Mln. last year. -Earnings Decline (Y-o-Y): -21.7% -EPS (Q3): $0.29 vs. $0.40 last year. -EPS Decline (Y-o-Y): -27.5% -Analysts Estimate: $0.29 -Revenue (Q3): $380.6 Mln vs. $347.89 Mln last year. -Revenue Change (Y-o-Y): 9.4%