Iridium Communications Inc. (IRDM) Reports Q1 EPS of $0.12, Sales of $91.3M; To Conduct Exchange Offer for Warrants
Tweet
Share
E-mailGet Alerts IRDM Hot Sheet
Join SI Premium – FREE
Iridium Communications Inc. (NASDAQ: IRDM) reported Q1 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $91.3 million versus the consensus estimate of $83.12 million.
Separately, the company announced its intention to conduct an offer to exchange its remaining outstanding $11.50 warrants for Iridium common stock. The Company plans to offer holders of Iridium's $11.50 warrants 0.22 shares of common stock for every one warrant tendered.
Separately, the company announced its intention to conduct an offer to exchange its remaining outstanding $11.50 warrants for Iridium common stock. The Company plans to offer holders of Iridium's $11.50 warrants 0.22 shares of common stock for every one warrant tendered.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ennis (EBF) Reports In-Line Q1 EPS
- Jabil beats consensus estimates but shares dip
- Accenture tumbles 16% on guidance cut; announces Dragos, runZero, NetRise deals
Create E-mail Alert Related Categories
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
