Iridium Communications (IRDM) Tops Q1 EPS by 4c, Revenues Beat; Affirms FY19 Outlook
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Iridium Announces First-Quarter 2019 Results; Company Affirms 2019 Outlook
April 23, 2019 7:01 AM EDTMCLEAN, Va., April 23, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2019 and affirmed its full-year 2019 outlook. Net loss was $18.0 million, or $0.18 per diluted share, for the first quarter of 2019, as compared to net income of $11.5 million, or $0.07 per diluted share, for the first quarter of 2018. This decrease in net income was primarily the result of a $34.5 million increase in depreciation and amortization expense compared to the year-ago period. Operational EBITDA ("OEBITDA")(1) for the first quarter was $78.0 million, as compared to $68.5 million for the... More
