Globalstar shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Globalstar shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 revenue guidance.
August 08, 2024 | 1:05 pm
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Globalstar shares are trading higher due to better-than-expected Q2 sales results and an increase in FY24 revenue guidance.
The better-than-expected Q2 sales results and the raised FY24 revenue guidance are positive indicators for Globalstar's financial health and future performance, likely driving the stock price up in the short term.
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IMPORTANCE 90
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