DigitalGlobe Inc (DGI) Releases Earnings Results, Beats Expectations By $0.18 EPS

DigitalGlobe Inc (DGI) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $-0.07. The company posted revenue of $175.40 million in the period, compared to analysts expectations of $166.52 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on DigitalGlobe Inc. DigitalGlobe Inc was Downgraded by Chardan Capital Markets to ” Neutral” on Feb 26, 2016.

DigitalGlobe Inc opened for trading at $18.47 and hit $19.16 on the upside on Friday, eventually ending the session at $19.08, with a gain of 3.41% or 0.63 points. The heightened volatility saw the trading volume jump to 3,18,917 shares. Company has a market cap of $1,228 M.

In a different news, on Mar 8, 2016, Stephanie Comfort (SVP, Strategy, Comms and Mktg) purchased 500 shares at $16.70 per share price. According to the SEC, on Mar 4, 2016, Kimberly Till (director) purchased 180 shares at $16.43 per share price. On Mar 1, 2016, Roxanne J Decyk (director) purchased 2,000 shares at $15.00 per share price, according to the Form-4 filing with the securities and exchange commission.

DigitalGlobe Inc. (DigitalGlobe) is a provider of geospatial information products and services. The Company’s products and services support users in a variety of fields including defense intelligence and homeland security mapping and analysis environmental monitoring oil and gas exploration and infrastructure management. The Company offers earth imagery products that include imagery from its constellation of high-resolution satellites as well as satellite and aerial imagery acquired from a third party supplier. The Company processes its imagery to varying levels according to its customers’ specifications and delivers its products using the distribution method that suits its customers’ needs. DigitalGlobe sell its products and services through a combination of direct and indirect channels consisting of a global network of resellers strategic partners direct enterprise sales and web.

DigitalGlobe Inc

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