Telesat Corporation - Class A Common Shares and Class B Variable Voting Shares (TSAT)
18.51
-0.70 (-3.67%)
Telesat Corporation is a leading global satellite operator that provides advanced satellite communication services to various sectors, including telecommunications, broadcasting, and government
The company specializes in satellite technology that enables high-speed broadband connectivity, allowing businesses and organizations to enhance their communication infrastructure. Telesat is recognized for its innovative approach to satellite services, catering to both established markets and emerging sectors, and it is actively engaged in expanding its capabilities through the development of next-generation satellite systems. By leveraging satellite networks, Telesat aims to bridge connectivity gaps and facilitate reliable communication solutions across diverse geographic regions.
Telesat (TSAT) shares rise after reporting stronger-than-expected Q2 results with revenue at C$152.44M, operating income at C$61.66M, and net income at C$129M.
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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 65 points on Friday. The Dow traded up 0.32% to 35,289.89 while the NASDAQ fell 0.48% to 13,672.26. The S&P 500, also fell, dropping, 0.02% to 4,467.80.
Gainers Amyris, Inc. (NASDAQAMRS) shares jumped 179.1% to $0.1839. Amyris shares dipped over 80% on Thursday after the company announced it filed for Chapter 11 bankruptcy.
U.S. stocks traded mixed midway through trading, with the Dow Jones gaining around 100 points on Friday. The Dow traded up 0.30% to 35,280.26 while the NASDAQ fell 0.48% to 13,672.51. The S&P 500, also fell, dropping, 0.05% to 4,466.72.
U.S. stocks traded lower this morning, following the release of PPI data on Friday. Following the market opening Friday, the Dow traded down 0.16% to 35,121.51 while the NASDAQ fell 0.84% to 13,622.68. The S&P 500, also fell, dropping, 0.49% to 4,446.98.
