logo
  

Globalstar Inc. Q3 Loss increases, misses estimates

Globalstar Inc. (GSAT) released Loss for its third quarter that increased from last year and missed the Street estimates.

The company's earnings totaled -$204.36 million, or -$0.11 per share. This compares with -$30.89 million, or -$0.02 per share, in last year's third quarter.

Analysts on average had expected the company to earn -$0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $37.63 million from $32.61 million last year.

Globalstar Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$204.36 Mln. vs. -$30.89 Mln. last year.
-EPS (Q3): -$0.11 vs. -$0.02 last year.
-Analyst Estimate: -$0.01
-Revenue (Q3): $37.63 Mln vs. $32.61 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT