Click to copy
Click to copy
Related topics

Orbcomm: 2Q Earnings Snapshot

July 31, 2019

ROCHELLE PARK, N.J. (AP) _ Orbcomm Inc. (ORBC) on Wednesday reported a loss of $6.4 million in its second quarter.

The Rochelle Park, New Jersey-based company said it had a loss of 8 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 8 cents per share.

The satellite communications company posted revenue of $67.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $66.9 million.

Orbcomm shares have declined roughly 6% since the beginning of the year. The stock has dropped 18% in the last 12 months.


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

All contents © copyright 2019 The Associated Press. All rights reserved.