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Space stock Maxar Q3 results, Wall Street welcomes progress

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A close look at the primary mirror of a Worldview Legion satellite during assembly and inspection.

Maxar

Maxar Technologies‘ stock jumped on Thursday after reporting third-quarter results, with Wall Street analysts welcoming the space company’s progress toward the launch of key satellites next year.

The company reported an adjusted EBITDA profit of $113 million for the third quarter, above the $109.9 million expected by analysts surveyed by FactSet, while Maxar’s revenue came in below predictions – at $437 million, versus $447.7 million expected.

But the focus of Wall Street is Maxar’s headway on its WorldView Legion satellites.

A WorldView Legion satellite in the final stages of…



Source cnbc.com

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