|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||41.88 - 41.88|
|52-week range||41.88 - 41.88|
|Beta (5Y monthly)||1.10|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Iridium's (IRDM) second-quarter 2021 results reflect healthy demand for subscriber equipment, driven by an accretive subscriber base, solid business prospects and robust liquidity position.
IRDM earnings call for the period ending June 30, 2021.
Shares of Iridium Communications (NASDAQ: IRDM) were up 9% on Tuesday. The satellite communications company -- the first to offer internet and voice service that covers 100% of the globe -- reported better-than-expected second-quarter 2021 earnings and a solid outlook for the remainder of the year. Iridium reported a total revenue increase of 7% in the second quarter to $150 million, driven by a 7% increase in services (subscriptions to its global voice and data service) to $121 million.