Viasat Shares Fall as Third-Quarter Results Hurt by Weakness in Link-16 TDL (NASDAQ:VSAT) Business

Viasat (NASDAQ: VSAT) shares fell 11% on Wednesday after the satellite communications company reported third-quarter results that were negatively impacted by weakness in its Link-16 TDL business.

Third-quarter revenue was down slightly year-over-year to $714 million, while revenue from continuing operations increased 4% year-over-year to $651 million.

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