Upgrade to SI Premium - Free Trial

Iridium Communications, Inc. (IRDM) Misses Q2 EPS by 14c, Total Billable Subscribers Grew 25%

August 8, 2011 7:08 AM
Iridium Communications, Inc. (NASDAQ: IRDM) reported Q2 operational EBITDA of $48.4 million, as compared to $36.1 million for the prior-year period, representing year-over-year growth of 34 percent and an OEBITDA margin of 50 percent. Revenue for the quarter came in at $95.9 million versus the consensus estimate of $90.95 million.

Total billable subscribers grew 25 percent year-over-year to 478,000.

Categories

Earnings