Iridium Communications (IRDM) Misses Q3 EPS by 6c, Revenues Beat; 'Raises FY Guidance for Total Svcs Revenue & Operational EBITDA'

Iridium Communications (NASDAQ: IRDM) reported Q3 EPS of ($0.13), $0.06 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $136.8 million versus the consensus estimate of $128.36 million.

"Iridium continued to enjoy significant subscriber and sales momentum into the third quarter, which drove double-digit growth in revenue and operational EBITDA," said Matt Desch, CEO, Iridium. Desch continued, "based upon the strong growth we are seeing from all commercial service business lines, we are raising our full-year guidance for total service revenue and operational EBITDA."

For earnings history and earnings-related data on Iridium Communications (IRDM) click here.

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