Iridium Communications (IRDM) Q2 Earnings and Revenues Surpass Estimates

This quarterly report represents an earnings surprise of 42.11%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise. Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $201.07 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $193.11 million. The company has topped cons ...