Iridium Communications (IRDM) Tops Q3 EPS by 5c

Iridium Communications (NASDAQ: IRDM) reported Q3 EPS of $0.23, $0.05 better than the analyst estimate of $0.18. Revenue for the quarter came in at $116.5 million versus the consensus estimate of $113.96 million.

2017 Outlook

The Company affirmed its full-year 2017 outlook for total service revenue growth and updated its outlook for OEBITDA. The Company expects:

Total service revenue growth between 3% and 5% for the full-year 2017.
Full-year 2017 OEBITDA between $260 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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