Iridium Communications reported Q1 earnings of $0.16 EPS, exceeding expectations, with revenue at $203.80M and a 0.7% YoY decline.
Iridium Communications (NASDAQ:IRDM) reported better-than-expected Q1 earnings of $0.16 EPS, up from $0.08 in Q1 2023, as revenue reached $203.80 million, surpassing expectations of $193.84 million. The company's revenue, however, was down 0.7% on a year-over-year basis. Iridium Communications's strong service revenue growth and subscriber expansion contributed to the positive results. The company also announced a quarterly dividend of $0.13.
April 18, 2024
7 Articles