UPDATE 1-DigitalGlobe Q3 tops Street, raises 2009 outlook

Mon Nov 9, 2009 9:48pm GMT
 
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* Q3 EPS $0.32 vs. est. $0.25 * Shares up 2 pct after the bell

Nov 9 (Reuters) - Satellite imagery company DigitalGlobe Inc (DGI.N) posted better-than-expected quarterly results, helped by continued strength in its key customer segments, and boosted its outlook for 2009.

For the third quarter, the company posted a profit of $14.6 million, or 32 cents a share, compared with $14.3 million, or 32 cents, a year earlier.

Revenue rose 8 percent to $71.8 million.

Analysts on average were expecting a profit of 25 cents a share, on revenue of $68 million, according to Thomson Reuters I/B/E/S.

DigitalGlobe, which is reporting its second quarter as a public company, said it now expects 2009 profit to range between $1.00 and $1.05 a share, up from its previous forecast of 80 cents to 90 cents. [ID:nWNAB3280]

The company, which launched WorldView-2 satellite on Oct. 8, said it expects imagery from the satellite to be commercially available about 90 days following the launch.

Shares of the company were up 2 percent at $23.84 after the bell. They closed at $23.40 Monday on the New York Stock Exchange. (Reporting by Amulya Nagaraj in Bangalore; Editing by Deepak Kannan)

 

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