Post-earnings recap
Reported
Thu, Feb 27, 2014
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
63%
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Iridium Communications reported an EPS of $0.18, which was below expectations, resulting in a 9.6% increase in stock price. The positive stock reaction suggests that investors are optimistic about the company's future growth despite the EPS miss. Management's focus on expanding services may have reassured investors.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.18 | N/A | -16.28% |
Management expressed a commitment to growth and innovation. They acknowledged the EPS miss but highlighted ongoing efforts to enhance services.
We are focused on expanding our service offerings and customer base.
Despite the EPS miss, we see potential for growth in the coming quarters.