Why Globalstar Stock Spiked 9% In After-Hours Today

Benzinga2021-03-04

Globalstar, Inc (NYSE:GSAT) stock rose over 9% in the after-hours trading today. What Happened: The satellite solutions provider declared earnings per share of $0.01 in the fourth quarter of this year beating analyst projected earnings of $0 per share.

Last year EPS stood at $0.03 in the same period and revenue came in at $31.84 million.

Globalstar Q4 revenue this year has risen 4.17% YoY to $33.17 million.

Why It Matters: Earlier, the company’s shares rose 84% on Feb. 9 after an announcement regarding the addition of Qualcomm Inc’s (NASDAQ:QCOM) Band n53 in Globalstar’s flagship X65 modem.

This year, Globalstar has also announced partnerships with Battlebox and Nokia Oyj (NYSE:NOK).

Price Action: Globalstar shares rose 9.03% to $1.69 in the after-hours trading on Wednesday after closing 8.28% in the regular session at $1.55.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Blueloo
2021-03-05
Blueloo
我的怎么是大跌呢
JennyChen
2021-03-04
JennyChen
以上都点赞👍了！希望它大涨！[财迷]
Black83black
2021-03-04
Black83black
Earlier, the company’s shares rose 84% on Feb. 9 after an announcement regarding the addition of Qualcomm Inc’s (NASDAQ:QCOM) Band n53 in Globalstar’s flagship X65 modem. Is it good or bad news for Qualcomm
- JennyChen:
  看到多少啊？TP
ST2021
2021-03-04
ST2021
Great [得意]
Hb_
2021-03-04
Hb_
Wow

发表看法

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