Globalstar Q4 EPS $(0.01), Sales $52.41M Miss $52.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Globalstar (GSAT) reported Q4 earnings with a loss of $(0.01) per share and sales of $52.41M, missing the consensus estimate of $52.87M by 0.87%. This represents a 26.88% increase in sales compared to the same period last year.
February 28, 2024 | 1:15 pm
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Globalstar reported a Q4 loss of $(0.01) per share with sales of $52.41M, missing estimates by 0.87% but showing a 26.88% YOY increase.
Missing the sales estimate, even by a small margin, can negatively impact investor sentiment in the short term. However, the significant year-over-year sales growth indicates underlying strength in the company's operations, which might mitigate the negative impact over time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100