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Apple's Satellite Connectivity Provider Globalstar's Q2 Revenue Grows 10% On Wholesale Capacity Surge, Hikes FY24 Outlook

Globalstar, Inc (NYSE: GSAT) reported fiscal second-quarter 2024 sales growth of 10% year-on-year to $60.4 million, beating the analyst consensus estimate of $57.2 million.  Revenue jumped on increases in service revenue. The Apple Inc (NASDAQ:AAPL) mobile satellite connectivity provider’s EPS loss for the quarter was $(0.01), compared with the consensus of $0.00. The stock price gained after the results. Also Read: Globalstar Shares Surge on Apple iOS 18’s New Satellite Messaging Feature Adjusted EBITDA was $32.6 million ...