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Why Viasat Stock Sank Today

TheMotleyFool

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Why Viasat Stock Sank Today: https://g.foolcdn.com/editorial/images/872409/gettyimages-509051302.jpg

Viasat (NASDAQ: VSAT) stock moved lower in Friday's daily session following the release of the company's latest quarterly report and pullbacks in the space-tech sector connected to the explosion of Blue Origin's attempted rocket launch. Viasat's share price ended the day down 7%, and shares had been off as much as 12.9% earlier in trading.

After the market closed yesterday, Viasat published results for the fourth quarter of its 2026 fiscal year -- which ended March 31. The company posted an unexpected loss in the period, and sales also came in below Wall Street's forecast.

Image source: Getty Images.

Source Fool.com

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