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BUZZ-Inmarsat: Revenue outlook trumps Q2 results miss

Reuters - UK Focus

** Satellite company's shares up 2.5 pct, second largest FTSE 100 gainer, after saying it saw FY revenue of $1.25 - $1.30 bln

** Co also said it rescheduled the launch of its third Global Xpress satellite for end-August

** "... we take comfort from the new FY revenue guidance which, on a LFL basis, is just 0.8 pct ($10 mln) below consensus," JP Morgan analysts say

** JP Morgan raises PT to 1050p from 910p, keeps "overweight" rating

** Stock largest gainer on Stoxx 600 Telecommunications index, with a fifth of its avg daily volumes going through in the first 20 minutes of trade (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)