Investing.com - Iridium reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Iridium announced earnings per share of $0.02 on revenue of $184.06. Analysts polled by Investing.com anticipated EPS of $0.02 on revenue of $180.91M.
Iridium shares are up 15% from the beginning of the year and are trading at $48.00 , down-from-52-week-high.
Iridium shares gained 1.07% in pre-market trade the report.
Iridium follows other major Communication Services sector earnings this month
Iridium's report follows an earnings beat by Netflix on Tuesday, who reported EPS of $3.1 on revenue of $7.93B, compared to forecasts EPS of $2.18 on revenue of $7.85B.
AT&T had beat expectations on Thursday with third quarter EPS of $0.68 on revenue of $30B, compared to forecast for EPS of $0.61 on revenue of $29.87B.
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