Intelsat: 2Q Earnings Snapshot
LUXEMBOURG (AP) _ Intelsat SA (I) on Tuesday reported a loss of $529.7 million in its second quarter.
On a per-share basis, the Luxembourg-based company said it had a loss of $3.76. Losses, adjusted for asset impairment costs, were $1.05 per share.
The communications and satellite company posted revenue of $509.4 million in the period.
Intelsat expects full-year revenue in the range of $2 billion to $2.06 billion.
Intelsat shares have risen slightly more than 2% since the beginning of the year. The stock has increased 8% in the last 12 months.