SES Reports Lower than Expected Earnings Due to Intelsat Integration Costs

Reported about 13 hours ago

European satellite company SES has reported a third-quarter core profit of 328 million euros, missing analyst expectations of 348 million euros, primarily due to integration costs from its recent $3.1 billion acquisition of Intelsat, completed in July. SES aims to strengthen its position as a key competitor against Starlink and Project Kuiper.

Source: YAHOO

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