Iridium Comms Q4 EPS $0.30 Vs $(0.01) YoY, Sales $194.74M Beat $194.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iridium Communications reported a Q4 EPS of $0.30, a significant improvement from the previous year's $(0.01). Sales reached $194.74M, surpassing the $194.03M estimate.
February 15, 2024 | 12:04 pm
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Iridium Communications reported a strong Q4 with EPS of $0.30, up from $(0.01) YoY, and sales of $194.74M, exceeding estimates.
The significant improvement in EPS from $(0.01) to $0.30 indicates a strong financial performance and operational efficiency. Beating sales estimates further demonstrates the company's market strength and could lead to positive investor sentiment, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100