Earnings update: SATS drop 10% - most in 5 months - on Q1 results
⚠ $SATS(S58.SI)$ shares are currently down 10% to $4.29 as of 1006AM while trending SATS call warrant $SATS MB eCW261229(RRGW.SI)$ (https://warrants.com.sg/tools/livematrix/RRGW) is down 50% to $0.014
📢The company reported revenue of $1.68 billion for its 1QFY2027, up 11.3% compared to the previous year
However, due to lower margin, earnings for the same quarter ended June was up just 6% to $75.1 million
The company attributes this to developments in the Middle East, which disrupted cargo trade flows and flight activity tempo (The Edge Singapore)
⚡Looking ahead, the company said that the increased fuel, transportation and operating costs typically flow through with a lag, and expect the financial impact on SATS to be more pronounced in the coming quarter should the geopolitical tensions and supply chain disruptions persist
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