Iridium's Earnings Beat: A Surprise for Wall Street

Iridium Communications just crushed Wall Street's expectations! The satellite phone company reported a net income of $37.1 million, earning 35 cents per share, far exceeding analyst predictions of 26 cents. Revenue also soared to $226.9 million, surpassing the estimated $224 million. Is this a sign of major growth for Iridium? Investors are watching closely to see if they can maintain this momentum and send their stock price soaring.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.