Viasat posts upbeat sales on satellite-based broadband services strength

FILE PHOTO: A Viasat corporate logo is shown on a sign at the company's headquarters in Carlsbad, California, U.S. March 9, 2022. Picture taken March 9, 2022. REUTERS/Mike Blake/File Photo

(Reuters) - Viasat reported second-quarter revenue on Wednesday that beat Wall Street estimates on strength in the segment that offers satellite-based broadband services.

Shares of the company, that offers connectivity and communications services to residential, aviation and defense customers in North America, rose about 9% to $19.34 in extended trading.