RTTNews | May 25, 2021 08:04AM EDT

08:04 Tuesday, May 25, 2021 (RTTNews.com) - Communications company Viasat Inc. (VSAT) reported Tuesday that net income attributable to common stockholders for the fourth quarter soared to $7.4 million or $0.11 per share from $1.6 million or $0.03 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.36 per share, compared to $0.32 per share in the year-ago quarter.

Total revenues for the quarter edged up 1 percent to $595.8 million from $591.7 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share on revenues of $608.1 million for the quarter. Analysts' estimates typically exclude special items.

Read the original article on RTTNews ( https://www.rttnews.com/3197276/viasat-q4-profit-soars-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved