Intelsat Reports Profit For Q2; Confirms Annual Revenue Outlook - Quick Facts

(RTTNews) - Satellite services firm Intelsat S.A. (I) Monday reported a net profit for the second quarter, compared with loss last year, helped by lower SG&A and interest expenses which offset a decline in revenues.

In addition, the prior-year quarter included a $366.79 million charge on early extinguishment of debt.

For the three months to June, net profit stood at $56.85 million or $0.53 per share, compared with a loss of $418.5 million or 4.19 per share a year ago.

Excluding certain items, profit totaled $81.49 million or $0.76 per share, compared with a profit of $34.62 million or $0.34 per share a year earlier.

On average, nine analysts polled by Thomson-Reuters estimated the company's earnings to be $0.51 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA stood at $490.42 million, compared with $509.38 million a year earlier.

Quarterly revenues declined to $615.75 million, from $653.8 million last year, below the $621.14 million Wall Street expected.

The company still expects annual revenues of $2.45 billion to $2.50 billion, whereas analysts expect $2.49 billion.