Iridium Communications (IRDM) Q1 Earnings Meet Estimates

Iridium Communications (IRDM) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this satellite phone company would post earnings of $0.03 per share when it actually produced earnings of $0.30, delivering a surprise of 900%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Iridium, w ...