By Kelly Cloonan
Shares of ViaSat fell after the company posted a wider loss and an unexpected adjusted loss per share, both falling short of analyst expectations, in its latest quarter.
The stock fell 7.8% to $9.71 on Wednesday. Shares have fallen 48% in the past 12 months.
ViaSat said Tuesday after the market close that it had a fourth-quarter loss of $246.1 million, or $1.89 a share, compared with a loss of $100.3 million, or 80 cents a share, in the prior-year period. Analysts polled by FactSet expected a loss of 58 cents a share. The wider loss was primarily due to a $169 million impairment charge, the company said.
Adjusted loss per share was 2 cents, missing estimates for adjusted earnings of 9 cents a share according to analysts polled by FactSet.
Revenue came in roughly flat at $1.15 billion. Analysts expected $1.13 billion.
Sales in the defense and advanced technologies unit rose 11%, offset by a 4% revenue decline in its communication services unit.
For its current fiscal year, the company guided for low single digit revenue growth. Analysts expect sales to rise 1.4%.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 21, 2025 11:38 ET (15:38 GMT)
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