ViaSat reports Q3 non-GAAP EPS 24c, consensus 7c

Reports Q3 revenue $1.13B, consensus $1.11B. The company said, “We ended the quarter with $3.7Bin backlog after reporting $1.2B of awards during the quarter, a 111% YoY increase in awards from continuing operations. Government Systems ended the quarter with over $6.4Bof IDIQ unawarded potential contract value, an increase of 152% YoY in IDIQ unawarded potential contract value from continuing operations. The growth in awards and the IDIQ portfolio was primarily due to the inclusion of Inmarsat’s awards and IDIQ portfolio in the current year period, plus a significant new satellite services contract from the US government for approximately $260M.”