IRDM - Iridium Communications Jump 10% After Q1 Results - Here's Why | Benzinga
Iridium Communications Inc (NASDAQ:IRDM) shares are trading higher on Thursday.
The company reported first-quarter earnings per share of 16 cents, outpacing the Wallstreet estimate of 15 cents. Quarterly revenues of $203.85 million beat the analyst consensus of $193.75 million, driven by strong service revenue growth and subscriber expansion.
Total billable subscribers grew 14% year-over-year to 2.33 million, led by growth in commercial IoT.
Operational EBITDA for the first quarter was $115.0 million, as compared to $111.9 million for the prior-year period, representing a year-over-year increase of ...