11:50 AM EDT, 08/08/2025 (MT Newswires) -- Globalstar ( GSAT ) shares climbed more than 17% in Friday midday trading following the company's better-than-expected Q2 financial results.

The company reported Q2 earnings Thursday of $0.13 per diluted share, swinging from a loss of $0.10 a year earlier.

An analyst polled by FactSet expected a loss of $0.09.

Revenue for the quarter ended June 30 was $67.1 million, compared with $60.4 million.

Two analysts surveyed by FactSet expected $63.1 million.

The company reiterated its 2025 revenue guidance of $260 million to $285 million.

Two analysts polled by FactSet expected $264.9 million.

Price: 29.45, Change: +4.27, Percent Change: +16.97