February 26, 2013 / 10:11 PM / in 5 years

DigitalGlobe's fourth-quarter results top estimates

(Reuters) - DigitalGlobe Inc DGI.N posted better-than-expected quarterly results largely due to increased sales of its satellite images to businesses and U.S. intelligence agencies.

The company had a profit of $17.1 million, or 36 cents per share, in the fourth quarter, compared with a net loss of $27 million, or 58 cents per share, a year earlier.

Revenue rose 28 percent to $125.4 million.

Sales at its largest business - defense and intelligence - jumped 29 percent to $90.3 million in the quarter.

Analysts had expected earnings of 27 cents a share on revenue of $111.8 million.

For 2013, the company expects revenue of between $635 million and $660 million, including sales from GeoEye, the smaller rival it bought last year.

Digital Globe shares closed at $27.00 on Tuesday on the New York Stock Exchange after gaining 5 percent during the day.

Reporting by Mridhula Raghavan in Bangalore; Editing by Sreejiraj Eluvangal

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below