• Iridium Communications Inc IRDM.OQ reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of nine analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 13 cents to 18 cents per share.

• Revenue rose 9.4% to $212.99 million from a year ago; analysts expected $204.21 million.

• Iridium Communications Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $36.34 million.

• Iridium Communications Inc shares had fallen by 4.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Iridium Communications Inc is $40.00

This summary was machine generated from LSEG data February 13 at 03:18 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)