Iridium Communications (IRDM) Misses Q2 EPS by 2c, Beats on Revenues; Boosts FY Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. AMGN
3. BKNG
4. DOX
5. DUOL
6. ANET
7. XYZ
8. SWKS
9. FISV
10. CVS

Go back to Iridium Communications (IRDM) Misses Q2 EPS by 2c, Beats on Revenues; Boosts FY Guidance

Iridium Announces Second-Quarter 2018 Results; Company Raises 2018 Outlook

July 31, 2018 7:01 AM EDT

MCLEAN, Va., July 31, 2018 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the second quarter of 2018 and raised its full-year 2018 outlook.  Net loss was $4.4 million, or $0.06 per diluted share, for the second quarter of 2018, as compared to net income of $24.8 million, or $0.20 per diluted share, for the second quarter of 2017.  This decrease in net income was primarily the result of a $30.3 million increase in depreciation and amortization expense from the year-ago period, reflecting an increased number of Iridium NEXT satellites in service, and a one-time $8.7... More