Why Viasat Is Losing Altitude Today

Satellite communications company Viasat (VSAT -4.37%) posted an unexpected quarterly loss, though the company's free cash flow was significantly better than expected.Investors are focused on the headline number, sending Viasat shares down as much as 8% at the open and down 3% as of 10:15 a.m. ET. A work in progressViasat lost $0.02 per share in its fiscal fourth quarter, ended March 31, on revenue of$1.15 billion, compared to Wall Street's expectations for a $0.04-per-share profit on slightly lower revenue ...