KVH: 2Q Earnings Snapshot
MIDDLETOWN, R.I. (AP) _ KVH Industries Inc. (KVHI) on Friday reported second-quarter net income of $47.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Middletown, Rhode Island-based company said it had net income of $2.70. Losses, adjusted for one-time gains and costs, came to 10 cents per share.
The maker of mobile communication and navigation equipment posted revenue of $39.2 million in the period.
For the current quarter ending in October, KVH expects its results to range from a loss of 14 cents per share to a loss of 5 cents per share.
The company expects full-year results to range from a loss of 53 cents per share to a loss of 31 cents per share.
KVH shares have declined nearly 2% since the beginning of the year. The stock has fallen 18% in the last 12 months.