Benzinga | Jul 28, 2020 07:05AM EDT

Iridium Communications Q2 EPS $(0.09) Beats $(0.12) Estimate, Sales $140.20M Beat $136.77M Estimate

Iridium Communications (NASDAQ:IRDM) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.12) by 25 percent. This is a 43.75 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $140.20 million which beat the analyst consensus estimate of $136.77 million by 2.51 percent. This is a 2.03 percent decrease over sales of $143.10 million the same period last year.