Iridium Communications (IRDM) Misses Q2 EPS by 2c, Beats on Revenues; Boosts FY Guidance
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Iridium Announces Second-Quarter 2018 Results; Company Raises 2018 Outlook
July 31, 2018 7:01 AM EDTMCLEAN, 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
