11:08 AM EDT, 10/17/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Iridium Communications ( IRDM ) shares were up nearly 16% in recent Thursday trading after the company reported Q3 net income of $0.21 per diluted share, swinging from a loss of $0.01 a year earlier.

Analysts polled by Capital IQ expected EPS 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.

Price: 35.00, Change: +4.80, Percent Change: +15.89