Globalstar Raises FY24 Revenue From $225M-$250M To $235M-$250M Vs $237.530M Est.
Portfolio Pulse from Benzinga Newsdesk
Globalstar has raised its FY24 revenue guidance from $225M-$250M to $235M-$250M, compared to the $237.530M estimate.
August 08, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Globalstar has increased its FY24 revenue guidance to a range of $235M-$250M, surpassing the previous estimate of $225M-$250M and the market estimate of $237.530M.
The increase in revenue guidance suggests stronger than expected performance, which is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100