Intelsat Turns To Profit In Q3 - Quick Facts

(RTTNews) - Intelsat S.A. (I), reported profit for the third quarter, reversing loss it incurred last year, benefiting from income taxes, and lesser expenses.

Net income attributable to Intelsat S.A. was $87.7 million or $0.75 per share, compared with loss of $35.4 million or $0.43 per share last year. The latest-quarter results include other expenses of $0.4 million, compared with $21.9 million a year ago.

On average, ten analysts polled by Thomson Reuters expected the company to report earnings per share of $0.40 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues, however, decreased to $651.8 million, from $654.9 million last year. Analysts expected the company to generate revenues of $657.01 million.

Looking forward, reflecting pressures in government services and Africa region, the company said revenue will be below the lower end of the previously communicated range of $2.615 billion - $2.640 billion by roughly one half percent. Analysts expect the company to generate revenues of $2.63 billion for the year.