Globalstar Inc reports results for the quarter ended December 31 - Earnings Summary

• Globalstar Inc GSAT.OQ reported a quarterly adjusted loss of 42 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of three analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -6 cents tozero cents per share.

• Revenue rose 16.7% to $61.18 million from a year ago; analysts expected $60.24 million.

• Globalstar Inc's reported EPS for the quarter was a loss of 42 cents​.

• The company reported a quarterly loss of $50.22 million.

• Globalstar Inc shares had fallen by 30.6% this quarter.

FORECAST CHANGES

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Globalstar Inc is $60.00

This summary was machine generated from LSEG data February 28 at 02:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)