Investing.com - ViaSat reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ViaSat announced earnings per share of $-0.18 on revenue of $745M. Analysts polled by Investing.com EPS of $0.43 on revenue of $773.54M.
ViaSat 's are down 35% and is trading at $35.00 , still down 43.67% from its 52 week high of $65.29 set on Monday, November 8, 2021.
ViaSat shares lost 4.84% to trade at $35.00 in after-hours trade the report.
ViaSat follows other major Information Technology sector earnings this month
ViaSat's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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