GlobalStar (GSAT) Tops Q2 EPS by 19c
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August 10, 2015 4:05 PM EDT
COVINGTON, La., Aug. 10, 2015 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE MKT: GSAT) today announced its financial and operating results for the second quarter of 2015.
Jay Monroe, Chairman and CEO of Globalstar, commented, "We continued our principal initiatives in the second quarter including hitting critical milestones for the deployment of our second-generation ground infrastructure, continuing our geographical expansion, introducing new products and continuing to make progress with the TLPS proceeding before the FCC. During the quarter we added 24,000 subscribers and over 72,000 since this time last year. We are pleased to announce that the Hughes-based... More
