Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Satellite imagery expert GeoEye
So what: GeoEye's third-quarter report was a disappointment on every level, from current sales and earnings to future forecasts. This hurts all the more in the light of archrival DigitalGlobe's
Now what: The company underscored new or renewed contracts from several government agencies, yet slow sales to Uncle Sam were a main driver of this quarter's disappointing results. I find that dichotomy a bit nerve-wracking, because you'd think that close government ties would lead to revenues you could set your clock by. Apparently not.
GeoEye also counts infotech behemoths Google
Interested in more info about GeoEye? Add it to My Watchlist.