Iridium Comms Q3 EPS $(0.01) Misses $0.03 Estimate, Sales $197.60M Miss $200.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iridium Comms (NASDAQ:IRDM) reported Q3 losses of $(0.01) per share, missing the analyst consensus estimate of $0.03 by 133.33%. This is a 150% decrease from last year's earnings. The company also reported quarterly sales of $197.60 million, missing the estimate of $200.09 million by 1.24%. However, this is a 7.36% increase from last year's sales.
October 19, 2023 | 11:03 am
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Iridium Comms reported a significant decrease in earnings and missed sales estimates for Q3. This could negatively impact the company's stock in the short term.
Iridium Comms reported a significant decrease in earnings and missed sales estimates for Q3. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100