Viasat Stock Sees Significant Drop Despite Earnings Beat
Wednesday, 22 May 2024, 16:34
Viasat Stock Plummets Despite Earnings Beat
Viasat experienced a 14.6% drop in stock price following the Q4 2024 earnings report.
Losses Outweigh Earnings Growth
- Volatile Earnings: While revenue increased by 73% due to acquiring Inmarsat, the company reported a much larger loss per share than anticipated.
- Long-Term Forecast: Viasat predicts a challenging 2025 with flat revenue and potential negative cash flow.
Investors may need to wait until 2026 for Viasat stock to rebound.
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