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

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