Globalstar Q2 EPS $(0.23) Misses $(0.09) Estimate, Sales $64.772M Miss $71.941M Estimate

Globalstar (AMEX:GSAT) reported quarterly losses of $(0.23) per share which missed the analyst consensus estimate of $(0.09) by 187.5 percent. This is a 276.92 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $64.772 million which missed the analyst consensus estimate of $71.941 million by 9.96 percent. This is a 3.54 percent decrease over sales of $67.148 million the same period last year.