DigitalGlobe Earnings: Everything You Must Know Now
DigitalGlobe, Inc. (NYSE:DGI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
DigitalGlobe, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.36 in the quarter versus EPS of $-0.58 in the year-earlier quarter.
Revenue: Rose 26.16% to $125.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DigitalGlobe, Inc. reported adjusted EPS income of $0.36 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $111.81 million.
Quoting Management: “This was an extraordinary year and quarter for DigitalGlobe,” said Jeffrey R. Tarr, President and Chief Executive Officer. “We drove strong, profitable double-digit revenue growth across all customer categories, generated positive free cash flow, and grew our next 12-month revenue backlog by 37 percent. We also entered into a transformational agreement to combine with GeoEye. As a result of this combination, we are a more diversified, less capital intensive geospatial information business with a more complete set of capabilities to serve customers and fuel our growth.”
Key Stats (on next page)…