Intelsat misses by $0.24, reports revs in-line; lowers FY19 revs below consensus (20.39)
- Reports Q1 (Mar) loss of $0.87 per share, $0.24 worse than the S&P Capital IQ Consensus of ($0.63); revenues fell 2.8% year/year to $528.4 mln vs the $523.74 mln S&P Capital IQ Consensus.
- Co issues downside guidance for FY19, sees FY19 revs of $2.00-2.06 bln vs. $2.09 bln S&P Capital IQ Consensus, down from prior guidance of $2.06-2.12 bln
- Adjusted EBITDA Guidance: Intelsat forecasts Adjusted EBITDA performance for the full-year 2019 to be in a range of $1.430 billion to $1.480 billion.