Globalstar (GSAT) Q2 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - Globalstar reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of a loss of $0.09 per share, and improved from a loss of $0.15 per share a year ago, representing an earnings surprise of +244.44% [1] - The company posted revenues of $67.15 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 7.15% and increasing from $60.38 million year-over-year [2] Group 2: Stock Performance and Outlook - Globalstar shares have declined approximately 15.7% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $68.23 million, and for the current fiscal year, it is -$0.35 on revenues of $261.71 million [7] Group 3: Industry Context - The Satellite and Communication industry, to which Globalstar belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [8]