DigitalGlobe Inc (DGI) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.07. The company posted revenue of $175.50 million in the period, compared to analysts expectations of $169.18 million. The company’s revenue was down -1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on DigitalGlobe Inc. DigitalGlobe Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 17, 2016.
DigitalGlobe Inc closed down -0.16 points or -0.69% at $23.12 with 2,97,616 shares getting traded on Thursday. Post opening the session at $23.28, the shares hit an intraday low of $22.94 and an intraday high of $23.31 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 3, 2016, L Roger Jr. Mason (director) purchased 225 shares at $22.09 per share price. According to the SEC, on Mar 8, 2016, Stephanie Comfort (SVP, Strategy, Comms and Mktg) purchased 500 shares at $16.70 per share price. On Mar 4, 2016, Kimberly Till (director) purchased 180 shares at $16.43 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 Companys 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.