Why ViaSat Stock Dropped After Earnings
ViaSat beat earnings last night, but its stock still costs way too much.
Overview
Satellite communications company ViaSat (NASDAQ: VSAT) stock tumbled 4.5% through 2 p.m. ET Wednesday after reporting mixed earnings last night.
As TheFly.com reports, ViaSat's fiscal Q1 2027 earnings of $0.17 per share (non-GAAP) were nearly twice the $0.09 per share that analysts expected; however, the company's revenue fell just short of the predicted $1.2 billion.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.