Globalstar Q2 2024 GAAP EPS $(0.01), Inline, Sales $60.400M Beat $57.162M Estimate
Portfolio Pulse from Benzinga Newsdesk
Globalstar (AMEX:GSAT) reported Q2 2024 GAAP EPS of $(0.01), meeting analyst expectations. The company achieved quarterly sales of $60.4 million, surpassing the $57.162 million estimate and marking a 9.67% increase from the same period last year.
August 08, 2024 | 12:05 pm
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Globalstar reported Q2 2024 GAAP EPS of $(0.01), in line with expectations, and sales of $60.4 million, beating estimates by 5.66% and increasing 9.67% YoY.
The earnings report shows that Globalstar met EPS expectations and exceeded sales estimates, which is likely to have a positive short-term impact on the stock price. The 9.67% YoY increase in sales further supports a positive outlook.
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