Recap: ORBCOMM Q3 Earnings

Shares of ORBCOMM (NASDAQ:ORBC) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 40.00% year over year to ($0.07), which beat the estimate of ($0.09).

Revenue of $61,742,000 declined by 10.77% from the same period last year, which beat the estimate of $60,180,000.

Looking Ahead

Q4 revenue expected between $60,000,000 and $64,000,000.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/orbc/mediaframe/41278/indexr.html

Price Action

Company's 52-week high was at $4.84

52-week low: $1.24

Price action over last quarter: down 8.31%

Company Profile

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.


Posted In: