GeoEye Inc (GEOY) (24.03 +0.89)
May 3 (Reuters) - GeoEye Inc : * Q1 earnings per share $0.58 * Q1 earnings per share view $0.50 -- Thomson Reuters I/B/E/S * Q1 revenue $89.3 million versus I/B/E/S view $86 million * Sees FY 2012 earnings per share $1.95 to $2.35 * Sees FY 2012 revenue $355 million to $375 million * FY 2012 earnings per share view $2.18, revenue view $365.0 million -- Thomson Reuters I/B/E/S ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 (Thomson Reuters 04:21 PM ET 05/03/2012 More...)
Return to TOP
--------------------------------------------------------------------------------
GeoEye Inc (GEOY) (24.03 +0.89)
May 3 (Reuters) - Satellite imagery company GeoEye Inc posted a higher-than-expected quarterly profit and said it will receive full funding for its 2012 contract term with a U.S. government agency. The company expects to receive its $111 million cost-share payment from the U.S. National Geospatial-Intelligence Agency by the third quarter. It is part of a $3.8 billion, ten-year contract that the company won in 2010. Rival DigitalGlobe earlier this week also said it will be fully funded under its contract with the NGA for 2012. Shares of the both the companies have been under pressure recently on concerns that U.S. government cost cuts could lead to a loss in revenue. GeoEye's first-quarter net income available to common stockholders rose to $13.2 million, or 58 cents per share, from $10.0 million, or 44 cents per share, a year ago. Revenue rose 3 percent (Thomson Reuters 04:46 PM ET 05/03/2012 More...)
