Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Iridium Communications Inc. reported strong third-quarter earnings, showcasing an 8% revenue growth with total sales reaching $212.77 million, exceeding analyst expectations of $206.18 million. The company achieved earnings per share of 21 cents, a significant increase from a net loss of $1.6 million in the same quarter last year, resulting in a net income of $24.4 million. Operating income surged by 94.8% to $54.9 million. Service revenue also saw a year-over-year increase of 5%, totaling $159.9 million. Following the announcement, Iridium's stock rose by 14%, and the company raised its full-year outlook.
.@IridiumComm has posted solid Q3 results - compared to the same quarter last year (in millions except EPS): Revenue: $212.7 + 7.7% Operating Income: $54.9 +94.8% Net Income: $24.4 vs (-$1.6) EPS: $0.21 +2000% Press Release: https://t.co/sTvHXs8BXs https://t.co/eQvynmPMP2
Iridium Soars 14% on Record Q3 Results, Raises Full-Year Outlook $IRDM #stocks #investing #valueinvesting # https://t.co/Zt1QyJR5Cf
Iridium Communications Inc. announces an 8% revenue growth in Q3, reporting earnings per share at 21 cents and quarterly sales of $212.77 million, surpassing the street view of $206.18 million. Service revenue saw a 5% increase year-over-year, totaling $159.9 million. $IRDM