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Iridium (IRDM) Ends 3-Day Run as Investors Sour Tempered Growth Outlook
Yahoo Finance· 2025-10-24 13:21
Core Viewpoint - Iridium Communications Inc. has experienced a significant decline in stock performance due to a lowered growth outlook for the remainder of the year, despite reporting improved earnings in the third quarter [1][2]. Financial Performance - The company reported a net income increase of 54% to $37 million, up from $24 million in the same period last year [3]. - Total revenues grew by 6.6% to $226.9 million, compared to $212.77 million year-on-year, driven by a 3% increase in service revenues, which accounted for 73% of total revenues [4]. - Full-year operational EBITDA is projected to be between $495 million and $500 million, slightly above the lower end of previous guidance at $490 million [3]. Subscriber Growth - Iridium ended the quarter with 2.5 million billable subscribers, reflecting a 2.42% increase from 2.48 million a year earlier [4]. Market Reaction - Following the tempered growth outlook, Iridium's stock fell by 7.48% to close at $18.19, ending a three-day winning streak [1].
Viasat Releases First Quarter Fiscal Year 2026 Financial Results
Globenewswire· 2025-08-05 20:05
Core Insights - Viasat, Inc. has released its first quarter fiscal year 2026 financial results, which are available on the Investor Relations section of its website [1] Group 1: Financial Results - The financial results for the first quarter of fiscal year 2026 were published in a letter to shareholders [1] Group 2: Conference Call - Viasat will host a conference call on August 5, 2025, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time, with specific dial-in numbers provided for participants [2] - A live webcast of the conference call will be available, and the call will be archived for approximately one month [3] Group 3: Company Overview - Viasat is a global communications company focused on connecting people and devices worldwide, with operations in 24 countries [4] - The company aims to develop a comprehensive global communications network to provide high-quality, reliable, and secure connections [4] - In May 2023, Viasat completed the acquisition of Inmarsat, enhancing its capabilities and resources [4]