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Maxar -4.4% after Q3 beat

  • Maxar Technologies (NYSE:MAXR) has dropped 4.4% in postmarket trading after its Q3 earnings, which topped expectations on top and bottom lines.
  • Revenues dropped 5.9% Y/Y, however, to $479M amid a heavy drop in core Space Systems.
  • Net loss fell to $26M from a year-ago loss of $289M that was driven by impairment losses a year ago.
  • EBITDA was $128M, up from $105M.
  • Revenues by segment: Space Systems, $220M (down 16.3%); Imagery, $220M (up 4.8%); Services, $73M (up 17.7%).
  • EBITDA by segment: Space Systems, $11M (vs. year-ago -$7M); Imagery, $140M (up 8.5%); Services, $9M (flat).
  • Conference call at 5 p.m. ET.
  • Press release

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