Telesat Corporation (TSAT) Tops Q2 EPS by 139c, provides guidance

Telesat Corporation (NASDAQ: TSAT) reported Q2 EPS of $2.45, $1.39 better than the analyst estimate of $1.06. Revenue for the quarter came in at $152.4 million versus the consensus estimate of $103.29 million.

Guidance FY 2024:
Revenues to be between $545 million and $565 million, versus the consensus of $409.6 million.
Adjusted EBITDA1 to be between $340 million and $360 million, which reflects Telesat Lightspeed operating expenses of between $80 million and $90 million; and
Cash flows used in investing activities to be in the range of $1,000 million to $1,400 million, which is nearly all related to expected Telesat Lightspeed capital expenditures.

For earnings history and earnings-related data on Telesat Corporation (TSAT) click here.

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