BUZZ-Iridium Communications jumps on Q3 results beat

Reuters10-18

** Shares of Iridium Communications climb 13.6% to $34.31, hitting an 8-month high

** Posts Q3 rev. of $212.8 mln, beating analysts' estimates of $206.2 mln, per LSEG data

** Reports Q3 profit of 21 cents, slightly above expectations of 20 cents

** Expects FY operational EBITDA between $465 mln and $470 mln vs prior forecast of between $460 mln and $470 mln

** 4 of 6 brokerages covering the stock rate it "buy" or above, 2 hold; their median PT is $40.00

** As of last close, stock down ~14.58% YTD

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com;))

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