Iridium Communications Inc. (IRDM) Reports Q1 EPS of $0.12, Sales of $91.3M; To Conduct Exchange Offer for Warrants
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Iridium Communications Inc. (NASDAQ: IRDM) reported Q1 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $91.3 million versus the consensus estimate of $83.12 million.
Separately, the company announced its intention to conduct an offer to exchange its remaining outstanding $11.50 warrants for Iridium common stock. The Company plans to offer holders of Iridium's $11.50 warrants 0.22 shares of common stock for every one warrant tendered.
Separately, the company announced its intention to conduct an offer to exchange its remaining outstanding $11.50 warrants for Iridium common stock. The Company plans to offer holders of Iridium's $11.50 warrants 0.22 shares of common stock for every one warrant tendered.
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