Iridium Communications (IRDM) Misses Q2 EPS by 3c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Iridium Announces Second-Quarter 2016 Results; Reports Record Net Subscriber Additions
July 28, 2016 7:02 AM EDTMCLEAN, Va., July 28, 2016 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) (Iridium) today reported financial results for the second quarter of 2016 and affirmed its full-year 2016 outlook. Net income was $26.9 million, or $0.22 per diluted share, for the second quarter of 2016, as compared to $26.0 million, or $0.21 per diluted share, for the second quarter of 2015. Operational EBITDA (OEBITDA)(1) for the second quarter was $62.5 million, as compared to $61.0 million for the prior-year period, representing a year-over-year increase of 3% and an OEBITDA margin(1) of 57%.Â
Iridium reported second-quarter total revenue of $109.2 million, which consisted of $83.5 million of service revenue and $25.7... More
