Iridium Reiterates FY24 Service Revenue Growth Outlook - Update
RTTNews
|
33 days ago
(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
|
42 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
|
579 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
|
665 days ago
Swiss Market Snaps Long Winning Streak, Ends Modestly Lower
The Switzerland market ended weak on Tuesday, snapping a long winning streak, as investors made cautious moves ahead of a slew of economic data from Europe and the U.S.
RTTNews
|
5h 19min ago
Major European Markets Close Weak After Cautious Session
European stocks closed lower on Tuesday with investors largely staying cautious, looking ahead to the release of minutes from the Federal Reserve's most recent policy meeting, and a report on U.K. inflation for the month of April.
RTTNews
|
5h 35min ago
Canadian Stocks Turning In Mixed Performance After Inflation Data
Canadian stocks are turning in a mixed performance on Tuesday with investors digesting data showing a slowdown in the nation's consumer price inflation and assessing the outlook for interest rates.
RTTNews
|
6h 24min ago
Canadian Dollar Drops As Easing Inflation Raises Rate Cut Hopes
The Canadian dollar weakened against its major counterparts in the New York session on Tuesday, as soft inflation data for April increased the likelihood of an interest rate cut in June.
RTTNews
|
6h 31min ago
TELUS To Invest $24 Bln To Enhance Network In Ontario Over Next Five Years
Telecom company TELUS Corp. (TU) announced Tuesday it will invest $24 billion to significantly expand and improve its network infrastructure and operations across Ontario over the next five years.
RTTNews
|
9h 24min ago