Iridium Communications Inc (NASDAQ:IRDM) is reporting third quarter earnings results on Tuesday 20th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.11 per share.
For the full year, analysts predict revenues of $ 560.73 million, while looking forward to loss of $ 0.56 per share.
Previous Quarter Performance
Iridium Communications Inc unveiled loss for the second quarter of $ 0.09 per share, from the revenue of $ 140.17 million. The quarterly revenues down 2.05 percent compared with the same quarter last year. Wall street analysts are predicting, IRDM to report 2Q20 loss of $ 0.12 per share from revenue of $ 136.77 million. The bottom line results beat street analysts by $ 0.03 or 25.00 percent, at the same time, top line results outshined analysts by $ 3.40 million or 2.49 percent.
Stock Performance
Shares of Iridium Communications Inc traded up $ 0.19 or 0.68 percent on Monday, reaching $ 28.23 with volume of 736.50 thousand shares. Iridium Communications Inc has traded high as $ 28.70 and has cracked $ 28.20 on the downward trend
According to the previous trading day, closing price of $ 28.23, representing a 66.21 % increase from the 52 week low of $ 16.87 and a 12.59 % decrease over the 52 week high of $ 32.08.
The company has a market capital of $ 3.74 billion and is part of the Communication Services sector and Telecom Services industry.
Conference Call
Iridium Communications Inc will be hosting a conference call at 8:30 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.iridium.com
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide.
