Inmarsat, a satellite company, has seen its shares drop by 3.6% even though revenues have performed solidly, because of considerable declines in the maritime division, their primary business. Their Q2 earnings were reported at $365 million, surpassing the prediction of $345 million made by analysts based on Reuters data. However, brokers are concerned about the sustained weakness in maritime, wherein sales have registered a fall of 5% in H1 of the year. Additionally, the company has stated that the legacy products within the maritime division are continuing to decline. As a result of these factors, Inmarsat is the fifth top faller on the Stoxx 600.
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