Intelsat Q2 Loss Widens

(RTTNews) - Intelsat S.A. (I) reported a second-quarter net loss attributable to the company of $408.3 million, or $4.19 per share, compared to a loss of $84.7 million or $1.02 per share in the same quarter last year.

The latest-quarter results included $366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company's April 2013 initial public offering and debt refinancing activity in the second quarter.

Total revenue for the latest-quarter increased by $15.1 million, or two percent, to $653.8 million, as compared to last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $2.67 per share and revenues of $651.66 million for the quarter. Analysts' estimates typically exclude special items.

Consistent with prior guidance, Intelsat expects to generate revenue of $2.615 billion to $2.640 billion for the full year 2013. Analysts expect the company to revenues of $2.63 billion for fiscal 2013.

Consistent with prior guidance, the company expects its capital expenditures to range from $600 million to $675 million in 2013, and $575 million to $650 million in 2014. For 2015, the company anticipates capital expenditures of $775 million to $850 million.