LONGMONT, Colo. (AP) — Satellite image provider DigitalGlobe Inc. on Tuesday reported a net loss as revenue inched upward but expenses also rose.
The results were ahead of analyst expectations though, and the company’s shares climbed more than 4 percent in extended trading.
For the April-June quarter, DigitalGlobe’s loss totaled $400,000, or a penny per share. That compares with a profit of $500,000, or a penny per share, a year earlier.
Revenue totaled $81.7 million, up slightly from the $81 million it reported in the year-ago quarter. DigitalGlobe said revenue in its defense and intelligence unit was flat year over year at $63.1 million, and revenue in its commercial segment rose 5 percent to $18.6 million.
Analysts polled by FactSet expected a net loss of 2 cents per share on $80.4 million in revenue.
For the full year, Digital Globe said it is expecting revenue of between $330 million and $355 million and net income of 10 to 20 cents per share. Analysts expect $339.2 million in revenue and net income of 19 cents per share.
DigitalGlobe shares rose $1.09, or 4.5 percent, to $25.53 in after-hours trading. The stock finished regular trading down $1.09, or 4.3 percent, at $24.44.