Iridium Communications Inc. Bottom Line Advances In Q1

Iridium Communications Inc. (IRDM) revealed a profit for its first quarter that increased from the same period last year

The company's earnings came in at $30.4 million, or $0.27 per share. This compares with $19.7 million, or $0.16 per share, last year.

The company's revenue for the period rose 5.4% to $214.9 million from $203.9 million last year.

Iridium Communications Inc. earnings at a glance (GAAP) :

-Earnings: $30.4 Mln. vs. $19.7 Mln. last year.
-EPS: $0.27 vs. $0.16 last year.
-Revenue: $214.9 Mln vs. $203.9 Mln last year.

by RTTNews Staff Writer

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