RigNet Q2 Profit Rises

(RTTNews) - RigNet, Inc. (RNET) reported second-quarter net income attributable to common stockholders of $5.7 million or $0.31 per share, compared to $4.9 million or $0.28 per share for the year-ago quarter.

Excluding acquisition costs, net income attributable to common stockholders was $6.3 million, or $0.35 per share.

Analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the second quarter. Analysts' estimates typically exclude special items.

Revenue for the second quarter rose to $80.66 million from $51.33 million a year ago, while three analysts had a consensus revenue estimate of $80.79 million for the quarter.