ORBCOMM, Inc. (ORBC) Reports In-Line Q1 EPS

ORBCOMM, Inc. (NASDAQ: ORBC) reported Q1 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $19.4 million versus the consensus estimate of $19.77 million.

Net subscriber communicator additions were 26,000 in the first quarter of 2014, bringing the total billable subscriber communicators to 889,000 at March 31, 2014, compared to 777,000 at the end of the first quarter last year. Billable subscriber communicators increased 14% year-over-year.
ORBCOMM closed on two major new customers in the cold chain business.

For earnings history and earnings-related data on ORBCOMM, Inc. (ORBC) click here.

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