GSAT - Apple Partner Globalstar Stock Is Falling After Q3 Performance - What's Going On? | Benzinga
Globalstar, Inc (NYSE: GSAT) reported third-quarter FY23 sales growth of 53% year-on-year to $57.7 million, beating the consensus of $53.7 million. Revenue jumped on increases in service revenue.
The mobile satellite voice and data services provider's EPS for the quarter was $0.00, compared with the consensus.
Adjusted EBITDA was $32 million in Q3, an increase of 125% Y/Y due to higher revenue.
Q3 ...