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Viasat revenue grows as investigation continues into malfunctioning $750 million satellite - TL;DR CNBC

Viasat revenue grows as investigation continues into malfunctioning $750 million satellite

Publishing timestamp: 2023-08-09 17:52:56


Summary

Viasat reported its quarterly results, with a 36% increase in revenue compared to the previous year. However, the company is still investigating a satellite malfunction and exploring options to supplement the service it expected to add. The malfunction has created challenges, but Viasat is working on corrective actions. The company has insurance on the malfunctioning satellite and expects revenue to continue growing in the future.


Sentiment: MIXED

Tickers: VSATNOC

Keywords: the edgeviasat incspace industrybreaking news: technologytransportationtechnologybreaking news: businessbusiness newsnorthrop grumman corpaerospace and defense industrybusiness

Source: https://www.cnbc.com/2023/08/09/viasat-vsat-q1-earnings-report.html


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