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RigNet: 2Q Earnings Snapshot

August 6, 2018

HOUSTON (AP) _ RigNet Inc. (RNET) on Monday reported a loss of $4.3 million in its second quarter.

The Houston-based company said it had a loss of 23 cents per share.

The communications provider for the oil and gas industry posted revenue of $60 million in the period.

RigNet shares have dropped 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.80, a fall of 32 percent in the last 12 months.


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

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