Benzinga | Nov 5, 2020 05:19PM EST

RigNet Q3 EPS $(0.25) Beats $(0.35) Estimate, Sales $48.70M Beat $47.85M Estimate

RigNet (NASDAQ:RNET) reported quarterly losses of $(0.25) per share which beat the analyst consensus estimate of $(0.35) by 28.57 percent. This is a 1150 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $48.70 million which beat the analyst consensus estimate of $47.85 million by 1.78 percent. This is a 20.15 percent decrease over sales of $60.99 million the same period last year.