Globalstar, Inc. shares rise 4.43% intraday after Parsons Corporation reported Q2 earnings.

Globalstar, Inc. rose 4.43% in intraday trading. The company's stock price increase may be attributed to the recent earnings report of Parsons Corporation, which reported second-quarter earnings of $55.2 million, exceeding Wall Street expectations. Despite a fall in revenue, Parsons increased its 2025 revenue guidance, which could have positively influenced investor sentiment towards the broader market, including Globalstar, Inc.