AP NEWS

Globalstar: 3Q Earnings Snapshot

November 12, 2019

COVINGTON, La. (AP) _ Globalstar Inc. (GSAT) on Tuesday reported third-quarter net income of $21.1 million.

The Covington, Louisiana-based company said it had profit of 1 cent per share. Losses, adjusted for non-recurring gains, were 2 cents per share.

The satellite communications company posted revenue of $38.6 million in the period.

In the final minutes of trading on Tuesday, the company’s shares hit 39 cents. A year ago, they were trading at 35 cents.

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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