From Nasdaq: 2024-04-15 07:05:00

Iridium Communications is set to release first-quarter 2024 results on April 18. The Zacks Consensus Estimate for EPS is 16 cents while revenues are expected to decline by 4.1%. Factors at play include gains in the Service segment and commercial service revenues. Recent developments include a new commercial contract with L3Harris Technologies. Management predicts decline in demand for satellite hardware. Stock recommendations include IMAX, META, and Lam Research Corporation. Keep an eye on upcoming earnings announcements with the Zacks Earnings Calendar.



Read more at Nasdaq: Factors to Note Ahead of Iridium’s (IRDM) Q1 Earnings Release