Globalstar (GSAT) Reports Q1 Loss, Lags Revenue Estimates

Globalstar (GSAT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of$ 0.07. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this satellite communications company would post a loss of$ 0.05 per share when it actually produced a loss of $0.14, delivering a surprise of -180%.Over the last four quarters, the ...