AP NEWS

Globalstar: 2Q Earnings Snapshot

August 3, 2018

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.

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSAT at https://www.zacks.com/ap/GSAT

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