Why Maxar Technologies Stock Just Popped 15%
Investors in Maxar Technologies (NYSE: MAXR) are having a great day Thursday, with shares up a strong 15% in 10:55 a.m. EDT trading after the satellite maker and Earth imagery provider reported second-quarter 2020 financial results last night. Surprisingly, this surge in share price follows a big earnings miss.
Instead of the $1.06 per share in profit on $560.3 million in revenue that analysts had forecast for it, Maxar reported yesterday that its sales were just $439 million and its earnings were precisely zero.
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Source Fool.com
