Globalstar (GSAT) Reports Q2 Loss, Lags Revenue Estimates
Globalstar reported a second-quarter loss of $0.23 per share, larger than the Zacks Consensus Estimate of a $0.09 loss. This compares with earnings of $0.13 per share in the same quarter a year ago.
Why it matters — GSAT watchers would care because the quarterly results fell well short of analyst expectations and marked a sharp reversal from year-ago profitability.