Iridium Communications (IRDM) Q1 Earnings and Revenues Beat Estimates

Iridium Communications (IRDM) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of$ 0.22 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.73%. A quarter ago, it was expected that this satellite phone company would post earnings of$ 0.16 per share when it actually produced earnings of $0.31, delivering a surprise of 93.75%.Over the last four ...