— Iridium Communications (NASDAQ: IRDM) reported fourth quarter 2019 loss of $0.82 per share versus a loss of $0.22 per share expected.
— Revenue grew 5% to $138.9 million versus $138.76 million expected.
— Total billable subscribers grew 16% year-over-year to 1.3 million.
— Commercial voice and data subscribers were up 1% from the year-ago period to 363,000 subscribers.
— Commercial business ended the quarter with 1.165 million billable subscribers compared to 1.008 million in the prior-year quarter.
— Total service revenue increased 10%, while equipment revenue declined 15%.
— For fiscal 2020, total service revenue is expected to be grow in the range of 6% to 8%.
— IRDM stock ended down 4.74% at $28.77 yesterday.
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024
Comments
Comments are closed.