Loral Space & Communications posts first-quarter net loss
Loral Space & Communications Inc. (Nasdaq:LORL) said after Monday’s close that it recorded a net loss in the first quarter compared with net income from the year-ago quarter, as the company continued to integrate its October acquisition of Telesat. Revenues also slipped from a year ago excluding Telesat.
Shares slid 5%, or $1.13, $20.64 out of the gate. For detailed price information and recent news stories about Loral Space & Communications, click LORL.
