DigitalGlobe, Inc. (NYSE:DGI) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.03%.
DigitalGlobe, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.30 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 47.94% to $150.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DigitalGlobe, Inc. reported adjusted EPS loss of $0.30 per share. By that measure, the company missed the mean analyst estimate of $-0.25. It beat the average revenue estimate of $147.62 million.
Quoting Management: “The second quarter capped off a solid first half of 2013, and our sales backlog and pipeline position us for accelerating revenue growth and margin expansion as we enter peak imaging season in the second half of this year,” said Jeffrey R. Tarr, Chief Executive Officer. “Importantly, we are ahead of plan executing our combination with GeoEye, and remain confident in our ability to return to 50 percent EBITDA margins when we complete our 18-month integration plan in the second half of 2014. I am proud of the efforts of our team in advancing our position as the world leader in geospatial information and analysis.”
Key Stats (on next page)…