Telesat (TSAT) Reports Q3 Loss, Tops Revenue Estimates

Telesat (TSAT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $3.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 77.78%. A quarter ago, it was expected that this satellite communications company would post earnings of $2.47 per share when it actually produced a loss of $2.87, delivering a surprise of -216.19%. Over the last four quarters, t ...