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Iridium Communications Q1 Earnings Climb, Revenue Decreases

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Iridium Communications Q1 Earnings Climb, Revenue Decreases

Apr 18, 2024 4:59 AM

07:33 AM EDT, 04/18/2024 (MT Newswires) -- Iridium Communications ( IRDM ) reported Q1 earnings Thursday of $0.16 per diluted share, up from $0.08 a year earlier.

Five analysts polled by Capital IQ expected $0.15.

Revenue for the quarter ended March 31 was $203.9 million, down from $205.3 million a year earlier.

Five analysts surveyed by Capital IQ expected $193.7 million.

For full-year 2024, the company reiterated its service revenue growth outlook of between 4% and 6%.

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