Globalstar (GSAT) shares surged 5.24% in after-hours trading on Thursday, following the release of its second-quarter 2025 financial results that significantly exceeded analyst expectations. The satellite communications company reported impressive earnings and revenue growth, demonstrating strong performance across key financial metrics.
The company's quarterly earnings per share reached $0.13, dramatically outperforming the analyst consensus estimate of $(0.05) by 360 percent. This represents a substantial improvement from the same period last year when the company reported a loss of $(0.10) per share. Globalstar's revenue also impressed, coming in at $67.148 million, surpassing the analyst consensus estimate of $63.138 million by 6.35 percent. This marks an 11.20 percent increase compared to the $60.385 million reported in the same quarter of the previous 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, projecting revenue in the range of $260-285 million. This positive financial performance and forward-looking guidance likely contributed to the stock's after-hours rally, as investors responded favorably to Globalstar's strong quarterly results and growth prospects.
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