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.
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