Globalstar (GSAT) Q2 Earnings and Revenues Beat Estimates

Globalstar (GSAT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to a 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 +244.44%. A quarter ago, it was expected that this satellite communications company would post a loss of $0.07 per share when it actually produced a loss of $0.1, delivering a surprise of -42.86%.Over the last f ...