Iridium Boosts FY22 Revenue Outlook - Update

RTTNews | 1032天前
Iridium Boosts FY22 Revenue Outlook - Update

(RTTNews) - 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.

For fiscal 2022, the company now projects service revenue growth of 7 to 9 percent, compared to the $492.0 million reported in 2021. Previously, the company expected total service revenue growth of 5 to 7 percent.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $677.78 million for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Iridium Boosts FY22 Service Revenue Growth Outlook - Update

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 | 946天前
DAX Up Marginally After Paring Early Gains

DAX Up Marginally After Paring Early Gains

After moving notably higher in early trades on Friday, German stocks have pared some gains, unable to sustain at higher levels. The upmove came after data showed stronger than expected growth in the nation's gross domestic product in the first quarter.
RTTNews | 9分钟前
Sensex Jumps 769 Points As US Bond Yields Ease; Nifty Tops 24,850

Sensex Jumps 769 Points As US Bond Yields Ease; Nifty Tops 24,850

Indian shares rallied on Friday as U.S. Treasury yields eased from recent highs and oil prices remained depressed on concerns about oversupply stemming from a potential nuclear deal between the U.S. and Iran, and OPEC+ supply hike prospects.
RTTNews | 30分钟前
U.S. Dollar Falls Amid Growing U.S. Debt Concerns

U.S. Dollar Falls Amid Growing U.S. Debt Concerns

The U.S. dollar weakened against other major currencies in the European session on Friday, amid concerns about the fiscal impact of the U.S. Republican tax cut bill.
RTTNews | 1小时8分钟前