Viasat Stock Plunges 15% Despite Earnings Beat - What's Next for Investors?
Wednesday, 22 May 2024, 16:34
Viasat Stock Plunges 15% Despite Earnings Beat
Viasat stock fell 15% despite surpassing earnings expectations but reported steeper losses on a GAAP basis compared to last year.
The Numbers Behind the Plunge
- Viasat's Q4 2024: Loss of $0.24 per share; Revenue of $1.15 billion
- GAAP Loss: $0.80 per share
- Impact of Inmarsat Acquisition: Revenue growth of 73%
Despite a positive fiscal year 2024, Viasat expects challenges ahead with uncertain growth and cash flow projections.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.