Investing.com - Blacksky Technology reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Blacksky Technology announced earnings per share of $-0.110 on revenue of $16.94M. Analysts polled by Investing.com anticipated EPS of $-0.210 on revenue of $16.4M.
Blacksky Technology shares are down 35% from the beginning of the year, still down 84.52% from its 52 week high of $10.50 set on November 8, 2021.
Blacksky Technology shares lost 9.72% in intra-day trade following the report.
Blacksky Technology follows other major Industrials sector earnings this month
Blacksky Technology's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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