Recap: Iridium Communications Q2 Earnings

 

Shares of Iridium Communications (NASDAQ:IRDM) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share increased 133.33% over the past year to $0.03, which beat the estimate of ($0.06).

Revenue of $149,919,000 rose by 6.95% from the same period last year, which beat the estimate of $148,530,000.

Looking Ahead

Iridium Communications raised FY21 service revenue growth guidance from 3% to 4%-5%.

Details Of The Call

Date: Jul 20, 2021

Time: 08:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1899/41899

Recent Stock Performance

Company's 52-week high was at $54.65

52-week low: $23.65

Price action over last quarter: down 0.37%

Company Overview

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.