Inmarsat Jumps as Earnings Top Estimates on Maritime Sales Gains
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Inmarsat Plc jumped the most in more than three years after the biggest provider of satellite services to the maritime industry posted second-quarter earnings that beat analyst estimates and reiterated its sales forecasts.
The stock rose as much as 14 percent to 552.5 pence, the biggest intraday gain since May 2009, and traded up 8.7 percent as of 9:20 a.m. in London trading, giving the company a market value of 2.36 billion pounds ($3.67 billion).