Iridium Communications (IRDM) Misses Q4 EPS by 4c
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Iridium Announces Fourth-Quarter and Full-Year 2015 Results; Company Issues 2016 Outlook
February 25, 2016 7:01 AM ESTMCLEAN, Va., Feb. 25, 2016 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) (Iridium) today reported financial results for the fourth quarter of 2015 and issued its full-year 2016 and long-range outlook. Net loss was $69.4 million, or $0.77 per diluted share, for the fourth quarter of 2015, as compared to net income of $23.0 million, or $0.19 per diluted share, for the fourth quarter of 2014. Net loss for the fourth quarter of 2015 included a non-cash goodwill impairment charge of $87.0 million, or $0.91 per diluted share. Adjusted to eliminate this non-cash goodwill impairment charge(1), net income would have been $17.6 million, or $0.14 per diluted share,... More
