AP NEWS

KVH: 2Q Earnings Snapshot

August 2, 2018

MIDDLETOWN, R.I. (AP) _ KVH Industries Inc. (KVHI) on Thursday reported a loss of $1.3 million in its second quarter.

The Middletown, Rhode Island-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The maker of mobile communication and navigation equipment posted revenue of $43.4 million in the period.

For the current quarter ending in October, KVH expects its per-share earnings to range from 3 cents to 7 cents.

The company said it expects revenue in the range of $43 million to $45 million for the fiscal third quarter.

KVH expects full-year earnings in the range of 12 cents to 28 cents per share, with revenue ranging from $166 million to $180 million.

KVH shares have increased 22 percent since the beginning of the year. The stock has increased 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KVHI at https://www.zacks.com/ap/KVHI

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