Maxar: Q2 Earnings Snapshot

August 9, 2022 GMT

WESTMINSTER, Colo. (AP) _ Maxar Technologies Inc. (MAXR) on Tuesday reported a second-quarter loss of $30 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Westminster, Colorado-based company said it had a loss of 41 cents. Earnings, adjusted to extinguish debt, came to 16 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The satellite company posted revenue of $438 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $453.9 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAXR at https://www.zacks.com/ap/MAXR