ORBCOMM Announces Third Quarter 2016 Results

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Go back to ORBCOMM Announces Third Quarter 2016 Results

ORBCOMM (ORBC) Reports In-Line Q3 EPS; Trims FY16 Revenue Outlook

November 2, 2016 7:13 AM EDT

ORBCOMM (NASDAQ: ORBC) reported Q3 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $46.3 million versus the consensus estimate of $51.12 million.

GUIDANCE:

ORBCOMM sees FY2016 revenue of $188-191 million, versus the consensus of $199.9... More