Intelsat Q3 Profit Decreases; Reaffirms 2014 Outlook - Quick Facts

(RTTNews) - Intelsat S.A. (I), the world's leading provider of satellite services, reported third-quarter net income attributable to company of $67.6 million, or $0.58 per share, compared to $87.8 million or $0.75 per share, for the same period in 2013. Adjusted net income per share was $0.79 for the three months ended September 30, 2014.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.

EBITDA was $477.8 million, compared to $501.4 million for the same period in 2013. Adjusted EBITDA was $485.3 million compared to $508.4 million, a year ago.

Total revenue was $608.6 million, compared to $651.8 million, a year ago. Analysts expected revenue of $614.16 million for the quarter.

Intelsat reaffirmed its 2014 financial outlook in all material respects. Intelsat forecasts full-year 2014 revenue of $2.45 billion to $2.50 billion. Analysts expect the company to report 2014 revenue of $2.48 billion.