Stock Track | Globalstar Plunges Over 10% After Reporting Massive Q4 Earnings Miss

Stock Track

Feb 28, 2025

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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(GSAT) shares plummeted 10.39% in intraday trading on Thursday, following the company's worse-than-expected fourth quarter earnings release.</p>\n\n<p>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.</p>\n\n<p>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. 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(GSAT) shares plummeted 10.39% in intraday trading on Thursday, following the company's worse-than-expected fourth quarter earnings release.</p>\n\n<p>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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GSAT","symbol_name":"全球星","start_time":0,"source_url":"","article_id":"1151363491","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151363491","pubTimestamp":1740707920,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Globalstar Inc.  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. 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