Viasat Inc Announces 17% Decline In Q3 Bottom Line

(RTTNews) - Viasat Inc (VSAT) reported a profit for third quarter that lost ground from last year.

The company said its earnings came in at $19.8 million, or $0.40 per share. This was down from $23.9 million, or $0.49 per share, in last year's third quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.4% to $347.8 million. This was up from $339.6 million last year.

Viasat Inc earnings at a glance:

-Earnings (Q3): $19.8 Mln. vs. $23.9 Mln. last year. -Earnings Decline (Y-o-Y): -17.2% -EPS (Q3): $0.40 vs. $0.49 last year. -EPS Decline (Y-o-Y): -18.4% -Analysts Estimate: $0.40 -Revenue (Q3): $347.8 Mln vs. $339.6 Mln last year. -Revenue Change (Y-o-Y): 2.4%