Iridium's Q4 Earnings Top Estimates, Shares Soar 15% on Higher Revenues

Iridium Communications (IRDM) reported earnings per share (EPS) of 32 cents for the fourth quarter of 2024, beating the Zacks Consensus Estimate by 94%. The bottom line compared favorably with the prior quarter's figure of 30 cents per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly revenues were $213 million, up 9% from the year-ago level. The expansion is driven by increasing sales momentum across all its segments – service, subscriber equipment and engineering and ...