KVH reports $47.2M Q2 profit boosted by sale of Videotel business

KVH INDUSTRIES reported a $47.2 million profit in the second quarter of 2019, attributable to a nearly $90 million sale of its maritime training business, Videotel. / COURTESY KVH INDUSTRIES
KVH INDUSTRIES reported a $47.2 million profit in the second quarter of 2019, attributable to a nearly $90 million sale of its maritime training business, Videotel. / COURTESY KVH INDUSTRIES
MIDDLETOWN – KVH Industries Inc. reported a profit of $47.2 million in the second quarter, or $2.90 per diluted share, for all operations, continued and discontinued, in a release Friday. The company had reported a loss of $1.3 million in the second quarter of 2018. The second-quarter profit was due to the sale of the company’s…

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