Iridium: Q3 Earnings Snapshot
By AP News
Published - Oct 17, 2024, 07:12 AM ET
Last Updated - Oct 17, 2024, 07:12 AM EDT
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Iridium Communications Inc. (IRDM) on Thursday reported third-quarter profit of $24.4 million.
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.
The satellite phone company posted revenue of $212.8 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $205.7 million.
