Iridium Communications (IRDM) Tops Q1 EPS by 10c, Affirms FY 2017 Outlook

Iridium Communications (NASDAQ: IRDM) reported Q1 EPS of $0.30, $0.10 better than the analyst estimate of $0.20. Revenue for the quarter came in at $104.4 million versus the consensus estimate of $105.25 million.

Guidance:

The Company affirmed its full-year 2017 outlook for total service revenue growth and OEBITDA. The Company continues to expect:

• Total service revenue growth between 3% and 5% for the full-year 2017.
• Full-year 2017 OEBITDA between $255 million and $265 million. OEBITDA for 2016 was $254.2 million.

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

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