Iridium Announces Second-Quarter 2018 Results; Company Raises 2018 Outlook
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Iridium Communications (IRDM) Misses Q2 EPS by 2c, Beats on Revenues; Boosts FY Guidance
July 31, 2018 7:15 AM EDTIridium Communications (NASDAQ: IRDM) reported Q2 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $134.9 million versus the consensus estimate of $120.53 million.
"We delivered another strong quarter with excellent subscriber additions and revenue growth across all commercial revenue lines," said Matt Desch, CEO, Iridium. Desch continued, "based upon sales momentum and the... More
