RTTNews | Jul 20, 2021 07:23AM EDT

07:23 Tuesday, July 20, 2021 (RTTNews.com) - While reporting financial results for the second quarter on Tuesday, Iridium Communications Inc. (IRDM) raised its total service revenue growth guidance for the full-year 2021, based on strong subscriber growth during the first half of the year.

For fiscal 2021, the company now projects service revenue growth of 4 to 5 percent, compared to the $463.1 million reported in 2020. Previously, the company expected total service revenue growth of approximately 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $602.87 million for the year.

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