Iridium Announces Third-Quarter 2019 Results; Updates 2019 Outlook
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Iridium Communications (IRDM) Misses Q3 EPS by 1c, Revenues Beat; Boosts FY19 'Total Services' Revenue Outlook
October 29, 2019 7:16 AM EDTIridium Communications (NASDAQ: IRDM) reported Q3 EPS of ($0.14), $0.01 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $144.8 million versus the consensus estimate of $142.05 million.
"Continued momentum in service revenue and IoT subscriber growth through the third quarter gives us confidence in raising our full-year service revenue guidance," said Matt Desch, CEO, Iridium. Desch continued, "Having finalized a new Enhanced... More
