Iridium Communications (IRDM) Misses Q1 EPS by 1c
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Iridium Announces First-Quarter 2015 Results; Company Affirms 2015 and Long-Range Outlook
April 30, 2015 7:01 AM EDTMCLEAN, Va., April 30, 2015 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2015 and affirmed its full-year 2015 and long-range outlook. Net income was $21.0 million, or $0.17 per diluted share, for the first quarter of 2015, as compared to $16.5 million, or $0.19 per diluted share, for the first quarter of 2014. Operational EBITDA ("OEBITDA")(1) for the first quarter was $52.5 million, as compared to $51.6 million for the prior-year period, representing a year-over-year increase of 2 percent and an OEBITDA margin(1) of 54 percent. OEBITDA grew largely due to higher government service revenue and lower product... More
