Maxar: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

WESTMINSTER, Colo. (AP) _ Maxar Technologies Inc. (MAXR) on Wednesday reported a fourth-quarter loss of $40 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Westminster, Colorado-based company said it had a loss of 65 cents. Losses, adjusted to account for discontinued operations, came to 85 cents per share.

The satellite company posted revenue of $467 million in the period.

For the year, the company reported profit of $303 million, or $4.99 per share. Revenue was reported as $1.72 billion.

Maxar shares have risen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.60, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAXR at https://www.zacks.com/ap/MAXR