• Iridium Communications Inc IRDM.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of eleven analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 21 cents to 31 cents per share.

• Revenue rose 6.7% to $226.94 million from a year ago; analysts expected $220.36 million.

• Iridium Communications Inc's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $37.13 million.

• Iridium Communications Inc shares had risen by 12.6% this quarter and lost 32.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% 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 8 "strong buy" or "buy," 1 "hold" and 1 "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 $34.00, about 44.2% above its last closing price of $18.98

This summary was machine generated from LSEG data October 23 at 01:31 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)