Iridium's Q3 Earnings Beat on Higher Revenues, Stock Soars 11%
Iridium Communications IRDM reported earnings per share (EPS) of 21 cents for the third quarter of 2024, beating the Zacks Consensus Estimate by 5%. The company incurred a loss of 1 cent per share in the prior year quarter.
Iridium Communications Inc. (NASDAQ:IRDM) Q3 2024 Earnings Call Transcript
Q3 2024 Earnings Call Transcript October 17, 2024 Iridium Communications Inc. beats earnings expectations. Reported EPS is $0.21, expectations were $0.2. Operator: Good day and welcome to the Iridium’s 2024 third quarter earnings call.
Iridium's Q3 Revenue Soars 8%, FY24 Outlook Brightens As Subscriber Base Expands
Iridium Communications Inc. (NASDAQ:IRDM) shares are trading higher after the company reported better-than-expected third-quarter revenue results and revised its FY24 OEBITDA guidance. The company reported earnings per share of 21 cents,
Iridium raises full-year revenue guidance after record Q3
Shares of Iridium Communications soared Thursday after the McLean company reported record revenue for the third quarter and raised its revenue guidance for the year.
Iridium Communications Shares Rise After Earnings Beat
Shares in Iridium Communications rose after the company swung to profit in the third quarter, beating analyst expectations. Shares were recently up nearly 16% at $34.96. The satellite communications company swung to a profit of $24.4 million, or 21 cents a share, compared with a loss of $1.64 million, or 1 cent a share, in the year-prior period.
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.
Iridium Reports 8% Growth in Q3 2024 Revenue
Iridium's U.S. government business recorded $26.5 million in Q3 service revenue and ended the quarter with 141,000 government subscribers.
Iridium Communications Inc (IRDM) Q3 2024 Earnings Call Highlights: Record EBITDA and Strategic ...
Iridium Communications Inc (IRDM) reports strong revenue growth and strategic advancements, despite competitive pressures and market uncertainties.
Iridium: Q3 Earnings Snapshot
On a per-share basis, the McLean, Virginia-based company said it had net income of 21 cents. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
Iridium Communications (IRDM) Q3 Earnings and Revenues Surpass Estimates
Iridium Communications (IRDM) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
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Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated ...