COVINGTON, La. (AP) _ Globalstar Inc. (GSAT) on Thursday reported a loss of $26.9 million in its first quarter.

The Covington, Louisiana-based company said it had a loss of 2 cents per share.

The satellite communications company posted revenue of $26.9 million in the period.

The company's shares closed at $1.23. A year ago, they were trading at 31 cents.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSAT at https://www.zacks.com/ap/GSAT

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