Globalstar (GSAT) shares surged 5.24% in Thursday's trading session following the release of its impressive second-quarter 2025 financial results. The satellite communications company's earnings significantly outperformed analyst expectations, driving investor enthusiasm and pushing the stock to new highs.
The company reported quarterly earnings of $0.13 per share, dramatically surpassing the analyst consensus estimate of $(0.05) by 360 percent. This marks a substantial improvement from the $0.10 loss per share reported in the same period last year. Globalstar's revenue also impressed, coming in at $67.148 million, beating the analyst consensus estimate of $63.138 million by 6.35 percent and representing an 11.20 percent increase year-over-year.
Further bolstering investor confidence, Globalstar reported a net income of $19.208 million and an adjusted EBITDA of $35.788 million for the quarter. The company also provided an optimistic outlook for the full fiscal year 2025, projecting revenue in the range of $260-285 million. This positive financial performance and forward-looking guidance likely contributed to the stock's rally, as investors responded favorably to Globalstar's strong quarterly results and growth prospects in the satellite communications sector.
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