Telesat's earnings of $5.06 fell short of expectations, while its profits exceeded forecasts.

According to Telesat's (NASDAQ: TSAT) report, the first-quarter earnings per share were -$6.29, significantly worse than analysts' expectations of -$1.23 by $5.06. The reported earnings for this quarter were $89.78 million, while analyst forecasts were at $86.99 million.

Telesat's stock closed at $20.59, reflecting a 25.78% increase over the past three months and a remarkable 118.31% gain over the last year. While Telesat has shown positive earnings per share in the last 90 days, it has also experienced negative earnings per share at times. You can review how Telesat's stock price has reacted to past earnings reports. InvestingPro rates Telesat's financial health as "Fairly Good." Explore the latest earnings reports and all financial information about Telesat here. Stay updated on balance sheet developments by visiting Investing.com’s Earnings Calendar.