Intelsat Q2 sales fell 5.8 percent to $615.7...
Intelsat Q2 sales fell 5.8 percent to $615.7 million from the year-ago quarter on lower transponder services revenue amid a sales decline in capacity sold for government applications and other decreases. Due to “improving cost and cash flow trends,” the…
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company forecast 2014 revenue of as much as $2.5 billion, in Monday’s earnings release (http://bit.ly/1ot22W7). It said the company’s next launch, planned for Q4, is Intelsat 30, which will primarily serve DirecTV Latin America. Eleven satellite programs are in development, and the contracted backlog was $10.3 billion on June 30, Instelsat said. Last quarter’s profit of $56.9 million reversed a year-earlier net loss.