Iridium Communications, Inc. (IRDM) Misses Q2 EPS by 4c
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Iridium Announces Second-Quarter 2014 Results; Company Affirms 2014 and Long-Range Outlook
July 31, 2014 7:00 AM EDTMCLEAN, Va., July 31, 2014 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the second quarter of 2014 and affirmed its full-year 2014 and long-range outlook. Net income was $15.0 million, or $0.14 per diluted share, for the second quarter of 2014, as compared to $15.4 million, or $0.18 per diluted share, for the second quarter of 2013. Operational EBITDA ("OEBITDA")(1) for the second quarter was $54.7 million, as compared to $51.1 million for the prior-year period, representing a year-over-year increase of 7 percent and an OEBITDA margin(1) of 53 percent. OEBITDA grew largely due to higher service revenue.
Iridium reported second-quarter... More
