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.com. Benzinga doesn’t present funding recommendation. All rights reserved.

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