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.
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