Viasat Inc Announces 18% Retreat In Q4 Earnings

(RTTNews) - Viasat Inc (VSAT) reported a profit for fourth quarter that fell compared to the same period last year.

The company said its earnings totaled $14.28 million, or $0.29 per share. This was down from $17.34 million, or $0.36 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 2.0% to $371.96 million. This was up from $364.75 million last year.

Viasat Inc earnings at a glance:

-Earnings (Q4): $14.28 Mln. vs. $17.34 Mln. last year. -Earnings Decline (Y-o-Y): -17.6% -EPS (Q4): $0.29 vs. $0.36 last year. -EPS Decline (Y-o-Y): -19.4% -Revenue (Q4): $371.96 Mln vs. $364.75 Mln last year. -Revenue Change (Y-o-Y): 2.0%