Iridium Communications (IRDM) Misses Q2 EPS by 3c
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Iridium Announces Second-Quarter 2016 Results; Reports Record Net Subscriber Additions
July 28, 2016 7:02 AM EDTMCLEAN, Va., July 28, 2016 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) (Iridium) today reported financial results for the second quarter of 2016 and affirmed its full-year 2016 outlook. Net income was $26.9 million, or $0.22 per diluted share, for the second quarter of 2016, as compared to $26.0 million, or $0.21 per diluted share, for the second quarter of 2015. Operational EBITDA (OEBITDA)(1) for the second quarter was $62.5 million, as compared to $61.0 million for the prior-year period, representing a year-over-year increase of 3% and an OEBITDA margin(1) of 57%.Â
Iridium reported second-quarter total revenue of $109.2 million, which consisted of $83.5 million of service revenue and $25.7... More
