Satellite comms firm Telesat unveils first-quarter earnings

OTTAWA, Ontario — The satellite communications firm Telesat on Friday reported earnings of $11 million in its first quarter.

The Ottawa, Ontario-based company said it had net income of 89 cents per share.

The company posted revenue of $146.7 million in the period. Telesat expects full-year revenue in the range of $568.4 million to $584.2 million.

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