Iridium Communications Turns To Q3 Profit, Above View; Stock Up In Pre-Market
The satellite communications company posted earnings of $24.45 million or $0.21 per share for the quarter compared with loss of $1.64 million or $0.01 per share in the same quarter a year ago. On average, analysts expected profit of $0.20 per share. Analysts' estimates typically exclude one-time items.