Viasat, a global communications company, saw its stock price surge 6.51% in the after-hours trading session on Thursday. The rally came after the company reported better-than-expected financial results for the third quarter of fiscal year 2025.
According to the earnings report, Viasat posted an adjusted earnings per share (EPS) of $0.11, beating the estimate of a loss of $0.58 per share. Additionally, the company's revenue of $1.124 billion surpassed analysts' expectations of $1.122 billion.
In a separate announcement, Viasat's subsidiary Inmarsat Maritime revealed an expanded agreement with Maersk, one of the world's largest containership operators. The deal will see Inmarsat upgrade satellite communications services across Maersk's global fleet of approximately 340 container ships between 2025 and 2026. This partnership aims to facilitate unified connectivity and transform Maersk's vessels into fully operational floating offices, enabling advanced digitalization strategies and future advancements in automation-focused operations.
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