OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Telesat Corporation (TSAT) on Thursday reported a loss of $33.6 million in its third quarter.

The Ottawa, Ontario-based company said it had a loss of $2.21 per share. Earnings, adjusted for non-recurring costs, came to $1 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.

The satellite communications company posted revenue of $57.6 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSAT at https://www.zacks.com/ap/TSAT

Source