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Globalstar: Q4 Earnings Snapshot

COVINGTON, La. (AP) — COVINGTON, La. (AP) — Globalstar Inc. (GSAT) on Friday reported a loss of $14.3 million in its fourth quarter.

On a per-share basis, the Covington, Louisiana-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs, came to 7 cents per share.

The satellite communications company posted revenue of $72 million in the period.

For the year, the company reported a loss of $19.3 million, or 15 cents per share. Revenue was reported as $273 million.

Globalstar expects full-year revenue in the range of $280 million to $305 million.

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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

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