Highlights From Iridium Communications’ Q2 2017 Report

Global telecommunications company Iridium Communications (NASDAQ: IRDM) turned in another solid business report card for the second quarter of 2017, but Wall Street has reacted negatively thus far. Here's what's up.

Iridium posted revenue of $111.6 million and earnings per share of $0.20 during the quarter that ended in June. That's an increase of 2.2% for the top line but a decrease of 9.1% on the bottom line. While both numbers keep the company on track to meet 2017 guidance, investors perhaps wanted stronger numbers to justify what was a better-than-20% one-year run in the stock price prior to the report.

Source: Fool.com