Globalstar: 2Q Earnings Snapshot

 

COVINGTON, La. (AP) – Globalstar Inc. (GSAT) on Thursday reported a loss of $7 million in its second quarter.

On a per-share basis, the Covington, Louisiana-based company said it had a loss of 1 cent.

The satellite communications company posted revenue of $33.7 million in the period.

The company's shares closed at 52 cents. A year ago, they were trading at $1.89.

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