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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.
Fool contributor Anders Bylund owns shares of Google but holds no other position in any of the companies mentioned. The Motley Fool owns shares of Google and Oracle. Motley Fool newsletter services have recommended buying shares of Google and GeoEye. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.