Viasat posts upbeat sales on satellite-based broadband services strength

Viasat reported second-quarter revenue on Wednesday that beat Wall Street estimates on strength in the segment that offers satellite-based broadband services.

Shares of the company, that offers connectivity and communications services to residential, aviation and defense customers in North America, rose 8.5% to $19.25 in extended trading.

“This quarter was the company’s best in terms of growth in the last two years…”, Viasat’s President Guru Gowrappan told Reuters.