Digitalglobe, Inc. (DGI) Misses Q1 EPS by 2c, Beats on Revenue; Offers FY17 Revenue Guidance

Digitalglobe, Inc. (NYSE: DGI) reported Q1 EPS of ($0.05), $0.02 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $209.7 million versus the consensus estimate of $199.9 million.

GUIDANCE:

Digitalglobe, Inc. sees FY2017 revenue of $840-865 million, versus the consensus of $848.84 million.

“We delivered a strong start to 2017 with solid revenue growth across all of our major customer groups,\" said Jeffrey R. Tarr, DigitalGlobe CEO. “We achieved our highest revenue quarter to date in our Direct Access Program and delivered double digit growth in our Commercial business. We will continue to focus on the execution of our strategy while satisfying all closing conditions for our upcoming combination with MDA.”

2017 Revenue and Adjusted EBITDA Outlook remains unchanged:

• Revenue in a range of $840 million to $865 million.
• Adjusted EBITDA in a range of $380 million to $395 million, with full year contribution from Radiant reducing overall EBITDA margins by approximately 700 basis points.
• Capital expenditures of approximately $100 million.

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

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