REFILE-GeoEye Q2 profit beats Street view
(Refiles to fix GeoEye's ticker symbol)
* Q2 EPS $0.46 vs est $0.39
* Q2 revenue $72.7 mln
* Shares up about 3 percent
Aug 10 (Reuters) - Satellite imagery company GeoEye Inc GEOY.O posted a better-than-expected quarterly profit, helped by full recognition of revenue from its newest satellite, GeoEye-1.
Second-quarter net income was $9.6 million, or 46 cents a share, the company said in a filing with the U.S. Securities and Exchange Commission.
Revenue more than doubled to $72.7 million.
Analysts were expecting earnings of 39 cents a share, before items, on revenue of $73.9 million, according to Reuters Estimates.
Backlog was about $325.2 million at June 30, the company said.
GeoEye, which competes with DigitalGlobe Inc (DGI.N: Cotización), provides imagery for Google (GOOG.O: Cotización) Earth and Google Maps, and government agencies in the United States, Europe, Asia and the Middle East.
Shares of the Dulles, Virginia-based company were up 64 cents at $25.20 Monday morning on the New York Stock Exchange. (Reporting by A.Ananthalakshmi in Bangalore; Editing by Deepak Kannan) ((firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: email@example.com))
© Thomson Reuters 2016 All rights reserved.