Shares of Maxar Technologies plunged 24.5% on Friday after the company reported weaker-than-expected 3Q sales results. The space technology company’s revenues increased 5.6% year-on-year to $436 million but fell short of analysts’ expectations of $453.7 million.Maxar Technologies’ (MAXR) 3Q earnings of $1.34 per share flipped from a loss of $0.42 per share in the year-ago quarter. The company’s CFO Biggs Porter said, “Performance in the quarter was solid, with both year-over-year revenue and profit growth on a consolidated basis and positive free cash flow. While the existence of the COVID pandemic remains a risk to our operations and the operations …read more
Source:: Yahoo Finance
