COVINGTON, La. (AP) — COVINGTON, La. (AP) — Globalstar Inc. (GSAT) on Wednesday reported a loss of $17.8 million in its fourth quarter.
The Covington, Louisiana-based company said it had a loss of 1 cent per share.
The satellite communications company posted revenue of $52.4 million in the period.
For the year, the company reported a loss of $35.3 million, or 2 cents per share. Revenue was reported as $223.8 million.
Advertisement
Globalstar expects full-year revenue in the range of $225 million to $250 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSAT at https://www.zacks.com/ap/GSAT