Globalstar Inc. Q4 loss in line with estimates

(RTTNews) - Globalstar Inc. (GSAT) revealed Loss for fourth quarter in line with the Street estimates.

The company's bottom line totaled -$23.96 million, or -$0.01 per share. This compares with -$21.73 million, or -$0.01 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $34.48 million from $33.17 million last year.

Globalstar Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$23.96 Mln. vs. -$21.73 Mln. last year. -EPS (Q4): -$0.01 vs. -$0.01 last year. -Analyst Estimates: -$0.01 -Revenue (Q4): $34.48 Mln vs. $33.17 Mln last year.