RigNet Announces Second Quarter 2019 Earnings Results

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RigNet (RNET) Misses Q2 EPS by 21c

August 5, 2019 4:53 PM EDT

RigNet (NASDAQ: RNET) reported Q2 EPS of ($0.32), $0.21 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $60.3 million versus the consensus estimate of $60.92 million.

Increased quarterly revenue 4.9% to $60.3 million compared to the prior quarterNet loss of $6.2 million or $0.32 per share; compared to net loss of $12.0 million or $0.63 per share in the prior... More