RigNet: 3Q Earnings Snapshot

Associated Press |

HOUSTON (AP) _ RigNet Inc. (RNET) on Thursday reported a loss of $2.8 million in its third quarter.

On a per-share basis, the Houston-based company said it had a loss of 15 cents.

The communications provider for the oil and gas industry posted revenue of $64.8 million in the period.

RigNet shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.62, an increase of 25 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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

What Is Petrolithium?

MGX Minerals explains the advantages of petrolithium and how they are helping to solve future problems today.

Emerging Growth

Margaux Resources Ltd.

Margaux Resources Ltd is a Calgary based resource company. The Company is focused on its Jersey Emeral Tungsten-Zinc property located in the southeast portion of British Columbia.