Iridium: Q2 Earnings Snapshot
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MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Iridium Communications Inc. (IRDM) on Tuesday reported a loss of $30.7 million in its second quarter.
The McLean, Virginia-based company said it had a loss of 24 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The satellite phone company posted revenue of $193.1 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $197.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRDM at https://www.zacks.com/ap/IRDM
