DigitalGlobe reports small loss in fiscal first quarter

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DigitalGlobe reported a small loss in its fiscal first quarter.

The company said Tuesday that it suffered a net loss of $2.2 million on revenue of nearly $210 million in the quarter, compared to net income of $8.6 million on $175.4 million in revenue in the same quarter of 2016.

The company said costs of its planned merger with MDA, announced in February, played a role in the net loss.

DigitalGlobe, citing the ongoing merger activities, did not hold an earnings call with analysts after releasing its financial results. [DigitalGlobe]


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