Iridium's Q3 Earnings Beat on Higher Revenues, Stock Soars 11% [Yahoo! Finance Canada]
Iridium Communications Inc (IRDM)
Last iridium communications inc earnings: 4/28 07:01 am
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Source: Yahoo! Finance Canada
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. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Management attributed the significant improvement in earnings to healthy growth in service revenues, engineering and support revenues, and equipment sales. Also, lower operating expenses due to a decline in depreciation costs stemming from extended satellite lifespans further contributed to the bottom-line expansion. Quarterly revenues were $212.8 million, up 8% from the year-ago level. The uptick was driven by strength in the Commercial service segment and Government Engineering and support service business. The Zacks Consensus Estimate was pegged at $205.7 million. Total Service revenues rose 5% year over year to $159.9 million. Strong recurring revenues from increasing subscriber e
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IRDM
News
- Civil Aviation Authority of the Philippines to Use Aireon Data for Air Traffic SurveillanceBusiness Wire
- Iridium & Blynk Advance Satellite IoT Solutions: Will IRDM Stock Gain? [Yahoo! Finance]Yahoo! Finance
- Blynk Selected by Iridium as Pre-Integrated Software Solution for their New Satellite IoT Development KitPR Newswire
- Iridium Transforms Satellite IoT with the Launch of Revolutionary Iridium Certus 9704 Module [Yahoo! Finance]Yahoo! Finance
- Iridium Transforms Satellite IoT with the Launch of Revolutionary Iridium Certus 9704 ModulePR Newswire
IRDM
Earnings
- 7/23/24 - Beat
IRDM
Sec Filings
- 12/23/24 - Form 4
- 12/23/24 - Form 4
- 12/23/24 - Form 4
- IRDM's page on the SEC website