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Iridium: Q2 Earnings Snapshot
MCLEAN, Va. (AP) _ Iridium Communications Inc. (IRDM) on Tuesday reported second-quarter earnings of $4.6 million.
On a per-share basis, the McLean, Virginia-based company said it had profit of 4 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The satellite phone company posted revenue of $174.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks...
MCLEAN, Va. (AP) _ Iridium Communications Inc. (IRDM) on Tuesday reported second-quarter earnings of $4.6 million.
On a per-share basis, the McLean, Virginia-based company said it had profit of 4 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The satellite phone company posted revenue of $174.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $164.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRDM at https://www.zacks.com/ap/IRDM
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