K V H Inds Inc Up 2.42% To $4.66 After Earnings

K V H Inds Inc (KVHI) said before open Friday that it broke even in quarter four 2023.

In the same quarter a year ago, the company earned $0.03 per share on revenue of $36 million.

The stock is up 2.42% to $4.66 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 37. Meanwhile, the average Wall Street analyst rated the stock a Buy.

KVH Industries Inc is a manufacturer of solutions that provide high-speed Internet, television, and voice services through satellite to mobile users at sea and on land. The company also provides commercially licensed entertainment, including news, sports, music, and movies, to commercial and leisure customers in the maritime, hotel, and retail markets. It operates within two segments: the Mobile connectivity segment and the Inertial navigation segment, of which the Mobile connectivity segment generates most of its revenue. It is also a manufacturer of commercial guidance and stabilization applications. Geographically, it operates through the United States, but its business can also be seen amplifying in the region of Canada, Europe, and other countries.