Maxar performance turns red in fourth quarter

WESTMINSTER — Maxar Technologies Inc. (NYSE: MAXR) posted a net loss in the fourth quarter of 2022, a reversal from a profitable period during the same quarter of the prior year. 

The satellite-imagery company posted a 2022 fourth-quarter loss of $109 million. That’s compared with a net gain of $71 million in the fourth quarter of 2021. 

Maxar’s performance for the most recent period represents a loss of $1.47 per share, far exceeding Zacks Consensus Estimate of a loss of 41 cents per share.

The company also missed the mark on sales. Fourth-quarter 2022 revenues were $326 million, down from $468 million in…