Intelsat (NYSE:I) released its quarterly earnings data on Tuesday. The technology company reported ($1.95) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.63), Fidelity Earnings reports. The firm had revenue of $537.00 million during the quarter, compared to analyst estimates of $531.97 million. Intelsat’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) earnings per share. Intelsat updated its FY 2018 guidance to EPS.
Shares of NYSE:I traded up $0.14 during mid-day trading on Wednesday, hitting $25.77. 133,559 shares of the company traded hands, compared to its average volume of 3,449,239. The company has a market cap of $3.89 billion, a P/E ratio of -15.30 and a beta of 1.00. Intelsat has a 52-week low of $2.44 and a 52-week high of $37.70.
A hedge fund recently raised its stake in Intelsat stock. Bank of New York Mellon Corp boosted its holdings in shares of Intelsat SA (NYSE:I) by 37.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,656 shares of the technology company’s stock after purchasing an additional 35,413 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Intelsat worth $2,160,000 at the end of the most recent quarter. Institutional investors own 49.79% of the company’s stock.
Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of 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; and commercial satellite communication services to the U.S.
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