Telesat (TSAT) Tops Q2 Earnings Estimates

Telesat (TSAT) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of a loss of $0.69 per share. This compares to a loss of $2.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +244.93%. A quarter ago, it was expected that this satellite communications company would post a loss of $0.56 per share when it actually produced earnings of $0.53, delivering a surprise of +194.64%.Over the last fou ...