Telesat’s steep Q2 net loss slows its stock bull run

Telesat’s steep Q2 net loss slows its stock bull run

After steadily rising over the course of this year, Ottawa-based satellite operator Telesat’s stock price dropped on Thursday after its Q2 earnings showed a steep net loss.  The news: Telesat, which trades on the TSX and Nasdaq under the symbol $TSAT, reported $79 million in consolidated revenue for the second quarter, a 25-percent decrease from the same time last year. Its net loss for the quarter was $559 million, compared to a $76-million gai…