07:26 AM EDT, 10/17/2024 (MT Newswires) -- Iridium Communications ( IRDM ) reported Q3 net income Thursday of $0.21 per diluted share, swinging from a net loss of $0.01 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.19.

Revenue for the quarter ended Sept. 30 was $212.8 million, up from $197.6 million a year earlier.

Analysts surveyed by Capital IQ expected $206.2 million.

The company's shares rose more than 5% in recent premarket activity on Thursday.

Price: 31.90, Change: +1.70, Percent Change: +5.63