Iridium Comms Q2 EPS $(0.24) Misses $0.04 Estimate, Sales $193.10M Miss $198.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iridium Comms (NASDAQ:IRDM) reported Q2 losses of $(0.24) per share, missing the analyst consensus estimate of $0.04 by 700%. This is a 700% decrease from the same period last year. The company also reported quarterly sales of $193.10 million, missing the analyst consensus estimate of $198.42 million by 2.68%. However, this is a 10.39% increase from the same period last year.
July 25, 2023 | 11:05 am
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Iridium Comms reported a significant miss on both EPS and sales for Q2. This could negatively impact the stock in the short term.
Iridium Comms reported a significant miss on both earnings per share and sales for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
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