Telesat (NASDAQ:TSAT) reported quarterly losses of $(2.22) per share which missed the analyst consensus estimate of $(0.44) by 404.55 percent. This is a 196 percent decrease over losses of $(0.75) per share from the same period last year. The company reported quarterly sales of $63.478 million which missed the analyst consensus estimate of $63.700 million by 0.35 percent. This is a 21.95 percent decrease over sales of $81.330 million the same period last year.