FX.co ★ Globalstar Inc. Q4 Earnings Summary

Here are the recent earnings highlights for Globalstar Inc. (GSAT):

In the fourth quarter, the company reported earnings of negative $17.75 million, a significant increase in losses compared to negative $6.67 million in the same period of the previous year. The earnings per share (EPS) were negative $0.01, while in the same period last year, the EPS was zero. It's notable that analysts had projected an EPS of zero.

Moreover, in terms of revenue, Globalstar reported earning $52.41 million in the fourth quarter. Comparatively, in the same period of the previous year, the company's revenue was $41.31 million.