Iridium Communications Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-18

Iridium Communications (NASDAQ:IRDM) Third Quarter 2024 Results Key Financial Results Revenue: US$212.8m (up 7.7% from 3Q 2023). Net income: US$24.4m (up from US$1.64m loss in 3Q 2023). Profit margin...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 3.2%. Earnings per share  also surpassed analyst estimates by 8.4%.Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in the US.The company's shares are up 14% from a week ago.You should always think about risks. Case in point, we've spotted   3 warning signs for Iridium Communications  you should be aware of, and 1 of them is a bit concerning.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IRDM":"铱星通讯"},"translate_title":"铱星通信2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRDM":1},"content_text":"Iridium Communications (NASDAQ:IRDM) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$212.8m (up 7.7% from 3Q 2023).\nNet income: US$24.4m (up from US$1.64m loss in 3Q 2023).\nProfit margin: 12% (up from net loss in 3Q 2023).\nEPS: US$0.21 (up from US$0.013 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:IRDM Earnings and Revenue Growth October 18th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nIridium Communications Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. \n Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in the US. \nPerformance of the American Telecom industry.\n The company's shares are up 14% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   3 warning signs for Iridium Communications  you should be aware of, and 1 of them is a bit concerning. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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