ViaSat (VSAT) Tops Q2 EPS by 45c

ViaSat (NASDAQ: VSAT) reported Q2 EPS of $0.33, $0.45 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $592.3 million versus the consensus estimate of $560.02 million.

"Sustained momentum in Satellite Services and Government Systems segments delivered record results and continued margin expansion," said Mark Dankberg, Viasat chairman and CEO. \"Our latest in-flight connectivity (IFC) wins, including our first entry into South America with Azul and expansion to EL AL's full global fleet, are further proof points of our ability to leverage our leading North American reputation globally. We are focused on converting a healthy pipeline for global IFC opportunities, propelled by continued progress on the ViaSat-3 constellation, into sustained growth and market leadership. Record backlog, a solid quarterly book-to-bill of 117%, gains in fixed broadband subscriber average revenue per user (ARPU), mobile tail count, an expanding government segment addressable market, and leading competitive positions in attractive broadband vertical and geographic markets all create opportunities for continued growth."

For earnings history and earnings-related data on ViaSat (VSAT) click here.

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