Stock Track | Globalstar Soars 6.04% in Pre-market Following Stellar Q2 Earnings Beat

Stock Track

Aug 08, 2025

Globalstar (GSAT) shares jumped 6.04% in pre-market trading on Friday, building on the momentum from Thursday's after-hours session. The surge comes after the satellite communications company released its second-quarter 2025 financial results, which significantly exceeded analyst expectations.

The company reported quarterly earnings of $0.13 per share, dramatically outperforming the analyst consensus estimate of a $0.05 loss per share. 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% and representing an 11.20% increase year-over-year.

Further bolstering investor confidence, Globalstar reported a net income of $19.208 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 have likely contributed to the stock's pre-market rally, as investors respond favorably to Globalstar's strong quarterly results and growth prospects in the satellite communications sector.

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The surge comes after the satellite communications company released its second-quarter 2025 financial results, which significantly exceeded analyst expectations.</p>\n\n<p>The company reported quarterly earnings of $0.13 per share, dramatically outperforming the analyst consensus estimate of a $0.05 loss per share. 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% and representing an 11.20% increase year-over-year.</p>\n\n<p>Further bolstering investor confidence, Globalstar reported a net income of $19.208 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 have likely contributed to the stock's pre-market rally, as investors respond favorably to Globalstar's strong quarterly results and growth prospects in the satellite communications sector.</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":"1166765171","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166765171","pubTimestamp":1754653155,"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 (GSAT) shares jumped 6.04% in pre-market trading on Friday, building on the momentum from Thursday's after-hours session. 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