Telesat (TSAT) Reports Q3 Loss, Beats Revenue Estimates

Telesat (TSAT) came out with a quarterly loss of $1.73 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to a loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -121.79%. A quarter ago, it was expected that this satellite communications company would post a loss of $0.69 per share when it actually produced earnings of $1, delivering a surprise of +244.93%.Over the last four quarters, th ...