COVINGTON, La. (AP) _ Globalstar Inc. (GSAT) on Tuesday reported third-quarter net income of $21.1 million.
The Covington, Louisiana-based company said it had profit of 1 cent per share. Losses, adjusted for non-recurring gains, were 2 cents per share.
The satellite communications company posted revenue of $38.6 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit 39 cents. A year ago, they were trading at 35 cents.