Iridium's Q4 Earnings Top Estimates, Shares Soar 15% on Higher Revenues
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Iridium Communications Inc. (IRDM) reported strong Q4 earnings, surpassing estimates due to increased service revenues and a growing subscriber base. The company also provided a full-year 2025 and long-term target, leading to a 15% surge in its stock price.
February 14, 2025 | 2:00 pm
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Iridium Communications Inc. reported better-than-expected Q4 earnings, driven by increased service revenues and a growing subscriber base. The company also issued a full-year 2025 and long-term target, resulting in a 15% increase in its stock price.
The strong Q4 earnings report, driven by increased service revenues and a growing subscriber base, directly led to a 15% increase in IRDM's stock price. The issuance of a full-year 2025 and long-term target further supports positive investor sentiment.
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IMPORTANCE 90
RELEVANCE 100