Globalstar, Inc. (NASDAQ:GSAT), Nokia Company (NYSE:NOK) – Why Globalstar Inventory Spiked 9% In After-Hours Immediately

Globalstar, Inc (NYSE: GSAT)  inventory rose over 9% within the after-hours buying and selling at present.
What Occurred: The satellite tv for pc options supplier declared earnings per share of $0.01 within the fourth quarter of this yr beating analyst projected earnings of $0 per share. 

Final yr EPS stood at $0.03 in the identical interval and income got here in at $31.84 million.

Globalstar This fall income this yr has risen 4.17% YoY to $33.17 million. 

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

This yr, Globalstar has additionally introduced partnerships with Battlebox and Nokia Oyj (NYSE: NOK). 

Value Motion: Globalstar shares rose 9.03% to $1.69  within the after-hours buying and selling on Wednesday after closing 8.28% within the common session at $1.55.

© 2021 Benzinga doesn’t present funding recommendation. All rights reserved.

Source link

Next Post

Prime 21 crowdfunding platforms of 2021

Fri Mar 5 , 2021
Funding fundamentals This text was first revealed on Feb. 8, 2017, and was up to date on Feb. 27, 2018, Feb. 11, 2019, Feb. 24, 2020, and March 4, 2021. Questioning if crowdfunding platforms may be a lift to your new enterprise enterprise? Corporations which can be simply beginning out […]