Iridium Communications (IRDM) Tops Q3 EPS by 5c
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Iridium Announces Third-Quarter 2017 Results; Updates 2017 Outlook
October 26, 2017 7:01 AM EDTMCLEAN, Va., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) (Iridium) today reported financial results for the third quarter of 2017 and updated its full-year 2017 outlook. Net income was $29.3 million, or $0.23 per diluted share, for the third quarter of 2017, as compared to $31.6 million, or $0.26 per diluted share, for the third quarter of 2016. Operational EBITDA (OEBITDA)(1) for the third quarter was $71.8 million, as compared to $69.7 million for the prior-year period, representing an OEBITDA margin(1) of 62%. OEBITDA benefitted from continued growth in the Companys Internet of Things (IoT) business and from higher equipment sales.
Iridium reported... More
