Why Viasat Is Losing Altitude Today
Satellite communications company Viasat (NASDAQ: VSAT) posted an unexpected quarterly loss, though the company's free cash flow was significantly better than expected.Investors are focused on the headline number, sending Viasat shares down as much as 8% at the open and down 3% as of 10:15 a.m. ET.Image source: Getty Images.Continue reading
Satellite communications company Viasat (NASDAQ: VSAT) posted an unexpected quarterly loss, though the company's free cash flow was significantly better than expected.
Investors are focused on the headline number, sending Viasat shares down as much as 8% at the open and down 3% as of 10:15 a.m. ET.
Image source: Getty Images.
