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RigNet Continues to Muddle Along

TheMotleyFool

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RigNet Continues to Muddle AlongPhoto, wide shot, wide-angle lens, Gas company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/01083d82-021d-4573-8c40-0e836a0771d6.png

Conditions in the oil market continued their slow yet uneven improvement during the second quarter. As a result, RigNet (NASDAQ: RNET) once again reported mixed results. While its revenue improved, the company continues to lose money. That unevenness will likely continue, given the renewed volatility in the oil market, though RigNet does see several positives that should help propel its results in the future.

Metric

Q2 2019

Quelle Fool.com

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