Maxar misses revenue estimates after quarter of debt-cutting
WESTMINSTER — Maxar Technologies Inc. (NYSE: MAXR) made more than $40 million less in the previous quarter than analysts expected after a period of cost-cutting.
The Westminster-based satellite company posted $410 million in revenue last quarter against Wall State consensus estimates of $452.2 million, according to data compiled by Seeking Alpha.
The figure doesn’t include the value of a $142 million contract with NASA that was signed at the end of January.
However, Maxar’s earnings-per-share figure of 70 cents beat analyst consensus estimates by 19 cents.
In a prepared statement, CEO Dan Jablonsky said the company spent much of the…
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