Globalstar Q1 2024 GAAP EPS $(0.01), Inline, Sales $56.48M Beat $54.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Globalstar (AMEX:GSAT) reported Q1 2024 earnings with a GAAP EPS of $(0.01), meeting analyst consensus estimates. The company's quarterly sales reached $56.48M, surpassing the $54.74M estimate by 3.19%, but marking a 3.69% decrease from the previous year's $58.64M.
May 08, 2024 | 8:24 pm
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Globalstar reported Q1 2024 earnings with EPS of $(0.01), in line with estimates, and sales of $56.48M, exceeding expectations but showing a year-over-year decline.
Meeting EPS estimates typically indicates financial stability, while exceeding sales forecasts suggests operational success. However, the year-over-year sales decline may temper investor enthusiasm, leading to a neutral short-term impact on GSAT's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100