Telesat Reiterated FY24 Revenue Of C$545M-C$565M Vs C$562M Est
Portfolio Pulse from Benzinga Newsdesk
Telesat has reiterated its FY24 revenue guidance of C$545M-C$565M, in line with the C$562M estimate. The company also expects adjusted EBITDA to be between $340M and $360M, with significant capital expenditures for Telesat Lightspeed.
August 14, 2024 | 11:06 am
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Telesat has reiterated its FY24 revenue guidance of C$545M-C$565M, aligning with the C$562M estimate. The company also projects adjusted EBITDA between $340M and $360M, with substantial capital expenditures for Telesat Lightspeed.
The reiteration of revenue guidance and adjusted EBITDA aligns with market expectations, suggesting a neutral short-term impact on the stock price. However, significant capital expenditures for Telesat Lightspeed could be a point of concern for investors.
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