For the first quarter ViaSat reported earnings of 5 cents a share, missing the Capital IQ Consensus Estimate of 14 cents a share by 9 cents. Revenue fell -0.5% from the year-ago quarter to $319.5 million, below analysts’ expectations of $349.88 million.
Commercial networks revenue fell -5% year-over-year to $92.2 million in the quarter. Government systems revenue fell 15% from the year-ago quarter to $117.5 million.
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- You can view the full analysis from the report here: VSAT Ratings Report