Digitalglobe, Inc. (DGI) Reports In-Line Q1 EPS

Digitalglobe, Inc. (NYSE: DGI) reported Q1 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $169.4 million versus the consensus estimate of $171.15 million.

Digitalglobe, Inc. sees FY2015 revenue of $725-750 million, versus the consensus of $735.8 million.

“First quarter revenue was in line with our expectations, with strong growth in our U.S. Government business offset by an expected decline in our Diversified Commercial business,” said Jeffrey R. Tarr, CEO of DigitalGlobe. “We expect our Diversified Commercial growth to improve in the second half as we monetize WorldView-3 and generate results from a number of new products and initiatives. We were also pleased with the strength of our free cash flow, which was up nearly $48 million year-over-year, enabling us to repurchase $31 million of stock in the quarter.”

For earnings history and earnings-related data on Digitalglobe, Inc. (DGI) click here.

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