Iridium: Q3 earnings snapshot beats Wall Street expectations
FROM THE WIRE · FINANCE.YAHOO.COM
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Iridium Communications Inc. (IRDM) on Tuesday reported third-quarter net income of $106.9 million. On a per-share basis, the McLean, Virginia-based company said it had net income of 98 cents. Earnings, adjusted for non-recurring gains, were…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEarnings and revenue above analyst consensus can support the IRDM stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Third-quarter net income was 106.9 million dollars, or 0.98 dollars per share.
- 02Adjusted earnings were 0.38 dollars per share versus an estimate of 0.29.
- 03Revenue of 245.7 million dollars beat the expected 240.8 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets