NEW YORK (Thomson Financial) - Globalstar Inc. reported late Wednesday it
swung to a fourth-quarter adjusted loss of $15.7 million, from an adjusted
profit of $2.4 million, in the same period a year earlier.
Total revenue for the quarter ended Dec. 31 fell to $23.7 million from last
year's $29.2 million, while adjusted revenue fell to $24.4 million from $32.3
million.
The stock of the Milpitas, Calif.-based provider of mobile voice and data
services closed the regular session at $6.95.
Wanfeng Zhou
wz/kh
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