Iridium Communications (IRDM) Tops Q4 EPS by 5c, Revenues Beat; Provides FY19 Outlook
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Iridium Announces Record 2018 Results; Company Issues 2019 Outlook
February 28, 2019 7:02 AM ESTMCLEAN, Va., Feb. 28, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the fourth quarter of 2018 and issued its full-year 2019 guidance. Net loss was $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2018, as compared to net income of $141.9 million, or $1.10 per diluted share, for the fourth quarter of 2017. This decrease in net income was primarily the result of a reduced income tax benefit compared to the year-ago period and an increase in net interest expense. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $75.5 million, as... More
