Iridium Communications (IRDM) Misses Q4 EPS by 60c, Offers Outlook

Iridium Communications (NASDAQ: IRDM) reported Q4 EPS of ($0.82), $0.60 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $138.9 million versus the consensus estimate of $138.76 million.

2020 Outlook:

The Company issued its full-year 2020 outlook and reiterated other elements of long-term guidance:

• Total service revenue growth between 6% and 8% for full-year 2020.
• Full-year 2020 OEBITDA between $355 million and $365 million. OEBITDA for 2019 was $331.7 million.
• Negligible cash taxes in 2020. Cash taxes are expected to be negligible through approximately 2023.
• Net leverage of approximately 4.0 times OEBITDA at the end of 2020. Net leverage was 4.8 times OEBITDA at December 31, 2019.

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

You May Also Be Interested In

• Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
• Skechers USA (SKX) Tops Q1 EPS by 23c, Beats on Revenue; Offers FY24 Guidance
• Iridium Communications (IRDM) PT Raised to $44 at Barclays