NasdaqGS:GSATTelecom
Can Globalstar’s (GSAT) Brazil Expansion Offset Recent Profit Pressures?
Globalstar reported record third-quarter revenue of US$73.85 million and reaffirmed full-year guidance, while also announcing a significant upgrade to its satellite ground infrastructure across Brazil to enhance connectivity and support next-generation IoT services.
Despite improved revenues and major technology investments, investor sentiment remained cautious due to a substantial year-over-year net income decline and earnings per share moving from positive to slightly negative.
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