Globalstar Inc. (GSAT) shares plummeted 10.39% in intraday trading on Thursday, following the company's worse-than-expected fourth quarter earnings release.
The satellite communications provider reported a Q4 net loss of $0.42 per share, significantly wider than analysts' consensus estimate of a $0.06 loss per share. While Globalstar's quarterly revenue of $61.2 million exceeded expectations, the massive earnings miss appeared to overshadow this and sparked a sharp sell-off in the stock.
Globalstar reiterated its full-year 2025 revenue guidance of $260 million to $285 million, which was in line with Wall Street's $263 million forecast. However, this outlook failed to assuage investor concerns after the company's disappointing Q4 performance.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。