Globalstar: 2Q Earnings Snapshot


COVINGTON, La. (AP) – Globalstar Inc. (GSAT) on Thursday reported a loss of $7 million in its second quarter.

On a per-share basis, the Covington, Louisiana-based company said it had a loss of 1 cent.

- Sponsors -

The satellite communications company posted revenue of $33.7 million in the period.

The company's shares closed at 52 cents. A year ago, they were trading at $1.89.

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter