Viasat Stock Hits the Brakes After Q1 Report — Here's Why

Benzinga Earnings08-05

Viasat Inc. (NASDAQ:VSAT) posted its first-quarter results after Tuesday’s closing bell, missing analysts’ revenue estimate. Here’s a look at the details inside the report. 

  • VSAT stock is moving. Watch the price action here.

Viasat Q2 Details      

Viasat reported quarterly earnings of 17 cents per share, which beat the consensus estimate for losses of 30 cents, according to Benzinga Pro data.

Quarterly revenue came in at $1.16 billion, which missed the Street estimate of $1.2 billion and was down from $1.17 billion in the same period last year. 

Viasat said the revenue decline primarily reflected a 4% year-over-year decrease in the Defense and Advanced Technology segment, while the Communication Services segment revenue remained flat year-over-year.

Read Also: Upstart Stock Rallies After Q2 Earnings Beat Estimates

“The first quarter of fiscal year 2027 was marked by disciplined execution, operational progress — including on the ViaSat-3 (VS-3) satellites — and strong awards in growing business areas that reinforce our confidence in targeting new markets, our competitive positions, and our ongoing growth prospects,” said CEO Mark Dankberg.

VSAT Stock Price Activity: According to data from Benzinga Pro, Viasat stock was down 7.66% to $79.56 in Tuesday’s extended trading.  

Photo: Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment