ViaSat Inc. (VSAT) reported fourth quarter adjusted EPS of $0.19 after the close Thursday, compared to the loss of $0.01 in the prior year period. The consensus estimate was for EPS of $0.02.
ViaSat gapped up Friday and rose sharply during the first half hour of trade. The stock ended the day higher by 11.57 at $71.38 on strong volume. ViaSat has been climbing for over 2 weeks and surged to a new high for the year.
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