Iridium: Q4 Earnings Snapshot
By AP News
Published - Feb 16, 2023, 07:33 AM ET
Last Updated - Jun 22, 2023, 09:18 PM EDT
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Iridium Communications Inc. (IRDM) on Thursday reported a loss of $808,000 in its fourth quarter.
The McLean, Virginia-based company said it had a loss of 1 cent per share.
The results did not meet 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 $193.8 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $174.9 million.
