Globalstar: Q1 Earnings Snapshot
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COVINGTON, La. (AP) — COVINGTON, La. (AP) — Globalstar Inc. (GSAT) on Friday reported a loss of $3.5 million in its first quarter.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of less than 1 cent. Earnings, adjusted to extinguish debt, were 1 cent per share.
The satellite communications company posted revenue of $58.6 million in the period.
Globalstar expects full-year revenue in the range of $185 million to $230 million.
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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
