Globalstar Q2 Sales $55.07M Beat $51.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Globalstar (GSAT) reported Q2 sales of $55.07 million, beating the analyst consensus estimate of $51.59 million by 6.75 percent. This represents a 49.65 percent increase over the same period last year.
August 04, 2023 | 1:07 pm
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Globalstar's Q2 sales exceeded expectations, indicating strong performance. This could positively impact the company's stock in the short term.
Globalstar's Q2 sales exceeded analyst estimates by 6.75%, and also marked a significant YoY increase of 49.65%. This strong performance indicates the company's growth and could lead to increased investor confidence, potentially driving the stock price up in the short term.
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