Loral Space & Communications, Inc. provides earnings guidance for the fourth quarter of 2009. The company expects that its fourth quarter EBITDA to be strong as well, probably somewhere mid range between the second and third quarter reported results. This would be more in keeping with the regular EBITDA growth it had been striving for.

Loral Space & Communications Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, on GAAP basis the company reported revenues of $170.5 million, adjusted EBITDA of $117.8 million, operating income of $ 92.8 million, net income of $168.0 million, compared to revenues of $169.7 million, adjusted EBITDA of $108.2 million, operating income of $53.1 million, net loss of $53.5 million for the same period a year ago. The company reported revenues of $249.2 million, adjusted EBITDA of $26.9 million, and net income of $108.4 million, compared to revenues of $212.5 million, adjusted EBITDA of $5.9 million, and net loss of $44.2 million for the same period a year ago. For the nine months period, on GAAP basis the company reported GAAP revenues of $507.9 million, adjusted EBITDA of $352.0 million, operating income of $220.8 million, net income of $278.7 million, compared to revenues of $508.6 million, adjusted EBITDA of $313.2 million, operating income of $142.9 million, net loss of $131.0 million for the same period a year ago. The company reported revenues of $733.2 million, adjusted EBITDA of $37.6 million, and net income of $171.9 million, compared to revenues of $639.1 million, adjusted EBITDA of $20.2 million, and net loss of $63.5 million for the same period a year ago.

Loral Space & Communications, Inc., Q3 2009 Earnings Call, Nov-10-2009