Benzinga | Oct 28, 2020 09:09AM EDT

Recap: ORBCOMM Q3 Earnings

Shares of ORBCOMM (NASDAQ:ORBC) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 40.00% year over year to ($0.07), which beat the estimate of ($0.09).

Revenue of $61,742,000 declined by 10.77% from the same period last year, which beat the estimate of $60,180,000.

Looking Ahead

Q4 revenue expected between $60,000,000 and $64,000,000.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/orbc/mediaframe/41278/indexr.html

Price Action

Company's 52-week high was at $4.84

52-week low: $1.24

Price action over last quarter: down 8.31%

Company Profile

ORBCOMM Inc is a satellite communications company that primarily provides machine-to-machine communication, which is designed to track, monitor, and control fixed and mobile assets. The company operates in such markets as transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. The company earns revenue across the United States, South America, Japan, and Europe, with the majority from the U.S. The company owns telecommunications infrastructure, specifically low Earth orbit satellites and accompanying ground infrastructure.