Iridium Comms Q2 2024 GAAP EPS $0.27 Beats $0.18 Estimate, Sales $201.067M Miss $201.852M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iridium Communications reported its Q2 2024 financial results, with GAAP EPS of $0.27 beating the estimate of $0.18, but sales of $201.067 million missing the estimate of $201.852 million.
July 23, 2024 | 11:03 am
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Iridium Communications reported mixed Q2 2024 results with GAAP EPS of $0.27 beating estimates but sales of $201.067 million missing expectations. This could lead to short-term volatility in the stock price.
The mixed earnings report, with EPS beating estimates but sales missing, suggests potential short-term volatility. Investors may react positively to the EPS beat but could be concerned about the sales miss.
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