GlobalStar (GSAT) Misses Q4 EPS by 9c

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Go back to GlobalStar (GSAT) Misses Q4 EPS by 9c

Globalstar Announces 2016 Fourth Quarter and Annual Results

February 23, 2017 4:15 PM EST

COVINGTON, La., Feb. 23, 2017 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE MKT: GSAT) today announced financial and operating results for the fourth quarter and year ended December 31, 2016.

Jay Monroe, Chairman and CEO of Globalstar, commented, During 2016, we reached one of the most significant milestones in Globalstar's history when the FCC adopted a Report and Order that will enable us to provide terrestrial authority over our 11.5 MHz of licensed 2.4 GHz spectrum. Obtaining this Report and Order was a long and difficult process, and we thank all participants that helped bring it to a... More