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  • Saturday, April 20, 2024

Intelsat 3Q Earnings Above Wall Street Expectations; FY 2015 Sales Guidance Reaffirmed


IntelsatIntelsat (NYSE: I) — one of 30 companies listed on Executive Mosaic’s GovCon Index —  has reported third quarter earnings of 85 cents per share versus the consensus Wall Street estimate of 39 cents and the prior year figure of 79 cents.

The Luxembourg-based satellite services provider and owner of Virginia-based Intelsat General posted $78.97 million in profit for the third quarter at a 15.08 percent increase from the same period last year.

Revenue came in at $580.85 million versus Wall Street analyst forecasts of $582.5 million and declined 4.56 percent from the third quarter in 2014.

Intelsat held to its full-year sales guidance of between $2.33 billion and $2.38 billion without an outlook for its earnings in fiscal 2015.

Sales in Intelsat’s government segment declined 3.31 percent year-over-year to $94.7 million.

As of Thursday morning pre-open, Intelsat shares were down 64.29 percent from the year’s start and have declined 65.73 percent over 12 months.

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