Iridium (IRDM) Reports Q4 EPS of $0.24, Surpasses Estimates

Iridium Communications Inc. (IRDM) reported fourth-quarter net income of $24.9 million, or 24 cents per share, outperforming the average Zacks analyst estimate of 23 cents per share. Revenue for the quarter was $212.9 million, below the $219.6 million forecast. For the year, the company posted profit of $114.4 million, or $1.06 per share, and revenue of $871.7 million.