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Intelsat +17.7% to 52-week high after revenue surprise

Published 05/01/2018, 12:38 PM
© Reuters.  Intelsat +17.7% to 52-week high after revenue surprise
INTEQ
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  • Intelsat (NYSE:I) is up 17.7% today and tagging a new 52-week high after Q1 earnings with a wider than expected loss but revenues that grew unexpectedly.
  • Net loss was $66.8M, wider than a year-ago loss of $34.6M.
  • EBITDA of $418.6M made up 77% of revenue, and was up from a year-ago $409.8M.
  • Revenue by customer set: Network Services, $198.6M (down 7%); Media, $239.3M (up 6%); Government, $97.3M (up 6%); Other, $8.6M.
  • Backlog came to $8.6B.
  • Average fill rate on its 1,850 station-kept wide-beam transponders was 80%, up from 79% as of Dec. 31.
  • It's reaffirmed February's full-year guidance for revenue ($2.06B-$2.11B), EBITDA ($1.56B-$1.605B) and capex ($375M-$425M in 2018).
  • Press release
  • Now read: American Tower Corporation 2018 Q1 - Results - Earnings Call Slides


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