Iridium Reiterates FY24 Service Revenue Growth Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Thursday, Iridium Communications Inc. (IRDM) reiterated its total service revenue growth guidance for the full-year 2024.
For fiscal 2024, the company still projects service revenue growth of 4 to 6 percent, compared to the $584.5 million reported in 2023.
On average, seven analysts polled by Thomson Reuters expect the company to report revenues of $799.30 million for the year.
The Board of Directors plans to increase the quarterly dividend by 5.8 percent to $0.14 per share starting with the second quarter 2024 dividend.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
read more
Iridium Inks 5-Year Contract With L3Harris For Iridium Satellite Time And Location Service
Iridium Communications Inc. (IRDM) announced Tuesday a new five-year commercial contract with L3Harris Technologies (LHX) for the Iridium Satellite Time and Location (STL) service.
RTTNews
|
22 days ago
Iridium Boosts FY22 Service Revenue Growth Outlook - Update
While reporting financial results for the third quarter on Thursday, Iridium Communications Inc. (IRDM) raised its total service revenue growth guidance for the full-year 2022, based upon the momentum seen across all commercial business lines.
RTTNews
|
559 days ago
Iridium Boosts FY22 Revenue Outlook - Update
While reporting financial results for the second quarter on Tuesday, Iridium Communications Inc. (IRDM) raised its total service revenue growth guidance for the full-year 2022, based upon the momentum still seen from its extensive global ecosystem of business partners.
RTTNews
|
645 days ago
RTX's Pratt & Whitney Canada Inks 6-year Fleet Management Deal With TAAG Airlines
Pratt & Whitney Canada and TAAG Angola Airlines E.P., Angola's state-owned airline, on Wednesday signed a six-year Fleet Management Program agreement. Pratt & Whitney is an RTX Corp. (RTX) business.
RTTNews
|
4h 9min ago
U.S. Private Sector Employment Jumps By 192,000 Jobs In April, More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment shot up by 192,000 jobs in April after jumping by an upwardly revised 208,000 jobs in March.
RTTNews
|
4h 18min ago
Akari Therapeutics Appoints Samir Patel Interim CEO After CEO Rachelle Jacques Steps Down
Biotechnology company Akari Therapeutics, Plc (AKTX) announced Wednesday leadership changes, including the appointment of experienced life sciences entrepreneur Samir Patel as interim Chief Executive Officer.
RTTNews
|
4h 31min ago
Standard Motor Products Q1 Results Top Estimates
Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter declined to $9.86 million or $0.44 per share from $12.70 million or $0.57 per share in the prior-year quarter.
RTTNews
|
4h 53min ago
Verisk Q1 Results Top Estimates; Backs FY24 Outlook
Verisk Analytics, Inc. (VRSK), a data analytics and technology provider, reported Wednesday that net income attributable to Verisk for the first quarter soared to $219.6 million or $1.52 per share from $56.3 million or $0.37 per share in the prior-year quarter.
RTTNews
|
5h 19min ago
