Iridium Announces Third-Quarter 2016 Results; Updates Full-Year and Long-Range Outlook
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Iridium Communications (IRDM) Tops Q3 EPS by 2c; Updates FY16, Longer-Range Outlooks
October 27, 2016 8:34 AM EDTIridium Communications (NASDAQ: IRDM) reported Q3 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $112.8 million versus the consensus estimate of $111.21 million.
2016 Outlook
The Company updated its full-year 2016 outlook for total service revenue growth and OEBITDA. The Company now expects:
Total service revenue growth between 5% and... More