Iridium Announces First-Quarter 2020 Results; Company Updates 2020 Outlook

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Iridium Communications (IRDM) Reports Q1 Loss Per Share of $0.24, Offers Guidance

April 28, 2020 7:15 AM EDT

Iridium Communications (NASDAQ: IRDM) reported Q1 EPS of ($0.24), may not compare to the analyst estimate of ($0.13). Revenue for the quarter came in at $145.3 million versus the consensus estimate of $141.54 million.

2020 Outlook:

Given the current global shutdown and macroeconomic uncertainties, the... More