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Why Maxar Stock Flew 15% Higher Today

TheMotleyFool

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Shares of certified space stock Maxar Technologies (NYSE: MAXR) jumped 15% through 11 a.m. EDT on Thursday, even though the company reported a slight earnings miss for its fiscal third quarter 2021 Wednesday night.

Analysts had forecast Maxar would earn $0.20 per share on sales of just under $449 million. As it turned out, Maxar missed both marks, earning only $0.19 per share and booking just $437 million in sales -- but investors don't care.

Image source: Getty Images.

Source Fool.com

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