— 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.
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06