Intelsat Turns To Profit In Q1 - Quick Facts

(RTTNews) - Intelsat S.A. (I) reported first-quarter net income attributable to company of $81.9 million, or $0.70 per share, compared to a loss of $7.8 million or $0.09 per share, previous year. Adjusted net income per share was $0.92 for the three months ended March 31, 2014.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.51 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $628.89 million from $655.13 million. Analysts expected revenue of $624.32 million for the quarter.

Intelsat reaffirmed all aspects of its 2014 financial outlook. Intelsat forecasts full-year 2014 revenue of $2.45 billion to $2.50 billion. Analysts expect the company to report 2014 revenue of $2.49 billion.