Intelsat SA (I) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.00. Analysts had a consensus of $-0.02. The company posted revenue of $542.00 million in the period, compared to analysts expectations of $539.45 million. The company’s revenue was down -9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Intelsat SA. Intelsat SA was Downgraded by Raymond James to ” Underperform” on Jul 18, 2016.
Intelsat SA closed down -0.17 points or -7.20% at $2.19 with 5,94,559 shares getting traded on Thursday. Post opening the session at $2.48, the shares hit an intraday low of $2.15 and an intraday high of $2.48 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Intelsat S.A. is a provider of satellite capacity for network services. The Company provides communications services to media companies fixed and wireless telecommunications operators data networking service providers for enterprise and mobile applications in the air and on the seas multinational corporations and Internet service providers (ISPs). The Company is also a provider of commercial satellite communication services to the United States Government and other select military organizations and their contractors. The Company focuses on business-to-business services indirectly enabling enterprise Government and consumer applications through its customers. The Company provides satellite capacity and related communications services for the transmission of video data and voice signals. Its customer contracts offer four service types which include transponder services managed services channel services and mobile satellite services and other.