Post-earnings recap
Reported
Tue, Nov 8, 2011
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
63%
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Despite missing EPS expectations, Iridium Communications saw a significant stock increase of 15.8%. This positive reaction may be attributed to strong demand for their satellite services and management's optimistic tone regarding future growth. Investors appear to be focusing on the long-term potential rather than the short-term EPS miss.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.15 | N/A | -10.71% |
| Revenue | N/A | N/A | N/A |
Management conveyed a positive outlook regarding the demand for their services. However, they acknowledged the EPS miss and did not provide updated guidance.
Management highlighted ongoing demand for satellite services.
They expressed confidence in future growth despite missing EPS expectations.