Globalstar Announces 2018 Fourth Quarter and Annual Results

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Go back to Globalstar Announces 2018 Fourth Quarter and Annual Results

GlobalStar (GSAT) Q4 Revenues Top View

February 28, 2019 4:50 PM EST

GlobalStar (NYSE: GSAT) reported Q4 EPS of ($0.07), which may not compare to the analyst estimate of ($0.02). Revenue for the quarter came in at $31.95 million versus the consensus estimate of $29.4 million.

Dave Kagan, Chief Executive Officer of Globalstar, commented, In December, we completed pivotal events positioning us well to realize the value of our assets. First, we announced that the Third Generation Partnership Project (3GPP) approved Globalstars S-band spectrum at 2483.5-2495 MHz for terrestrial... More