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Viasat reports a top-line expansion year over year in the fourth quarter of fiscal 2024, backed by healthy traction in all verticals.
The satellite communications company beat on sales and earnings last night. Investors are selling it anyway.
“Subscribers continue to switch off Viasat for SpaceX's Starlink service,” William Blair analyst Louie DiPalma wrote in a research note.
Viasat, Inc. (NASDAQ:VSAT ) Q4 2024 Earnings Conference Call May 21, 2024 5:30 PM ET Company Participants Lisa Curran - Vice President of Investor Relations Mark Dankberg - Chairman, Chief Executive Officer, and Co-Founder K. Guru Gowrappan - President Shawn Duffy - Senior Vice President and Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Ric Prentiss - Raymond James Edison Yu - Deutsche Bank Caleb Henry - Quilty Space Ryan Koontz - Needham Operator My name is Sarah and I will be your conference facilitator this afternoon.
Although the revenue and EPS for ViaSat (VSAT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Although the revenue and EPS for ViaSat (VSAT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Viasat forecast annual revenue below Wall Street estimates in anticipation of a slowdown in its satellite services business, sending its shares down more than 11% after the bell on Tuesday.
CARLSBAD, Calif. , May 21, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today published its fourth quarter and fiscal year 2024 financial results in a letter to shareholders, which is now posted to the Investor Relations section of the website.
Viasat's (VSAT) NexusWave aims to provide consistent performance, eliminating the need for multiple disjointed solutions traditionally used in maritime operations.
Besides Wall Street's top -and-bottom-line estimates for ViaSat (VSAT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.