Iridium Comms Q1 EPS $0.16 Beats $0.15 Estimate, Sales $203.85M Beat $193.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iridium Communications Inc. (IRDM) reported Q1 earnings of $0.16 per share, surpassing the consensus estimate of $0.15, marking a 100% increase from the previous year. Q1 sales were $203.85M, exceeding estimates of $193.75M but slightly down by 0.69% from the previous year.
April 18, 2024 | 11:02 am
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Iridium Communications Inc. (IRDM) reported a significant beat on Q1 earnings and sales estimates, with earnings doubling from the previous year and sales slightly exceeding expectations.
The positive earnings and sales beat indicate strong financial health and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100