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Maxar: Q1 Earnings Snapshot

May 3, 2021 GMT

WESTMINSTER, Colo. (AP) _ Maxar Technologies Inc. (MAXR) on Monday reported a loss of $84 million in its first quarter.

On a per-share basis, the Westminster, Colorado-based company said it had a loss of $1.30.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The satellite company posted revenue of $392 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $439.9 million.

Maxar shares have risen nearly 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.23, more than tripling 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