Benzinga | Jul 28, 2020 10:35AM EDT

Recap: Iridium Communications Q2 Earnings

Shares of Iridium Communications (NASDAQ:IRDM) rose 4.5% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 43.75% over the past year to ($0.09), which beat the estimate of ($0.12).

Revenue of $140,173,000 decreased by 2.05% from the same period last year, which beat the estimate of $136,770,000.

Looking Ahead

Iridium Communications hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 28, 2020

Time: 08:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1899/35674

Technicals

Company's 52-week high was at $32.08

Company's 52-week low was at $16.87

Price action over last quarter: Up 17.08%

Company Overview

Iridium Communications Inc is a United States based company which offers voice and data communications services and products to businesses, U.S. and international government agencies and other customer on a global basis. It is a provider of mobile voice and data communications services through a constellation of low earth orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.