Iridium Communications (IRDM) Tops Q3 EPS by 5c
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Iridium Announces Third-Quarter 2015 Results; Company Affirms 2015 and Long-Range Outlook
October 29, 2015 7:00 AM EDTMCLEAN, Va., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) (Iridium) today reported financial results for the third quarter of 2015 and affirmed its full-year 2015 and long-range outlook. Net income was $29.5 million, or $0.24 per diluted share, for the third quarter of 2015, as compared to $20.4 million, or $0.17 per diluted share, for the third quarter of 2014. Operational EBITDA (OEBITDA)(1) for the third quarter was $63.8 million, as compared to $58.4 million for the prior-year period, representing a year-over-year increase of 9% and an OEBITDA margin(1) of 60%. OEBITDA grew largely due to higher government service revenue and lower product warranty expenses, as well... More
