- In addition to posting a Q2 beat, DigitalGlobe (NYSE:DGI) has announced a $75M buyback. It's good for repurchasing 3% of shares at current levels.
- The satellite imagery provider's U.S. government sales (61% of total) rose 15.5% Y/Y in Q2 to $95.5M (Q1 growth was 26%), aided by a 66% increase in value-added services sales (boosted by analytics and geospatial intelligence offerings) to $32.3M.
- Commercial revenue fell 8% to $62.3M after rising 18% in Q1. DGI blames tough comps - two major deliveries took place a year ago - and Russian weakness caused by geopolitical tensions.
- Full-year revenue guidance of $630M-$660M has been reiterated. Consensus is at $644.4M.
- Q2 results, PR
DigitalGlobe +11.8% following Q2 beat, buyback launch
Check out Seeking Alpha’s new Earnings Center »
From other sites
at CNBC.com (Aug 25, 2014)
at CNBC.com (Jun 24, 2014)
at CNBC.com (Jun 11, 2014)
at CNBC.com (Mar 31, 2014)
at CNBC.com (Aug 12, 2013)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs