ViaSat Inc. (VSAT) Wednesday reported a third-quarter net loss of $20.77 million or $0.47 per share, compared to earnings of $5.14 million or $0.12 per share in the same period last year. The results echoed a loss on debt extinguishment and soaring interest expenses from the prior year.
However, on an adjusted basis, the company posted earnings of $1.84 million or $0.04 per share, compared to $11.60 million or $0.26 per share in the year-ago quarter. Analysts polled by Thomson Reuters expected a loss of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
For the latest quarter, the company saw a debt extinguishment charge of $26.5 million and higher interest expenses of $10.6 million compared with $311 thousand in the prior year quarter.
Meanwhile, total revenues for the quarter grew to $268.44 million from $204.96 million last year, while Analysts estimated revenues of $268.08 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.