Telesat Corp Reiterated FY23 Revenue Of $511.11M-$525.93M Vs $566.71M Est
Portfolio Pulse from Benzinga Newsdesk
Telesat Corp has reiterated its FY23 revenue forecast of $511.11M-$525.93M, which is lower than the estimated $566.71M. The company also expects its Adjusted EBITDA to be between $500M and $515M in 2023. Due to the Telesat Lightspeed contract, the company's cash flows used in investing activities are expected to be in the range of $175M to $225M.
August 11, 2023 | 10:17 am
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Telesat's reiterated FY23 revenue forecast is lower than the estimated $566.71M, which could potentially impact the company's stock negatively in the short term.
Telesat's lower than expected revenue forecast for FY23 could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
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