Globalstar (GSAT) Announces Quarterly Earnings Results, Misses Expectations By $0.44 EPS
Globalstar (NASDAQ:GSAT) issued its quarterly earnings data on Monday. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.44, StockRatingsNetwork.com reports. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.67 million.
Globalstar (NASDAQ:GSAT) traded up 4.61% during mid-day trading on Monday, hitting $3.86. The stock had a trading volume of 2,299,694 shares. Globalstar has a one year low of $2.33 and a one year high of $4.53. The stock’s 50-day moving average is $4.1 and its 200-day moving average is $3.56. The company’s market cap is $3.373 billion.
Globalstar, Inc (NASDAQ:GSAT) is a provider of mobile voice and data communications services globally via satellite.
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