Globalstar: 3Q Earnings Snapshot
Globalstar: 3Q Earnings Snapshot
In this article:
COVINGTON, La. (AP) _ Globalstar Inc. (GSAT) on Thursday reported third-quarter profit of $9 million.
The Covington, Louisiana-based company said it had net income of 1 cent per share. Losses, adjusted for non-recurring gains, were 2 cents per share.
The satellite communications company posted revenue of $35.7 million in the period.
In the final minutes of trading on Thursday, the company's shares hit 35 cents. A year ago, they were trading at $1.66.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSAT at https://www.zacks.com/ap/GSAT
