November 6, 2012 / 12:11 AM / in 6 years

MacDonald, Dettwiler quarterly operating earnings slip

(Reuters) - Canadian satellite maker MacDonald, Dettwiler and Associates Ltd MDA.TO reported a slight decrease in third-quarter earnings from operations on Monday, as revenue declined due to lower levels of space robotics activity.

In the quarter ended September 30, the company reported earnings from operations of C$28.2 million, down from C$30.3 million, a year earlier.

Quarterly revenue declined 5.6 percent to C$171.4 million.

Including the impact of foreign exchange related gains, share-based compensation and other items, the company said its net earnings in the quarter rose marginally to C$41.2 million or C$1.30 a share, up from a year-ago profit of C$39.3 million, or 95 Canadian cents a share.

The earnings jumped on a per share basis, as the company had about 31.8 million shares outstanding in the latest quarter, in comparison to about 41.2 million shares outstanding in the year-ago period.

MDA, which recently completed its $875 million acquisition of the satellite manufacturing arm of U.S. rival Loral Space and Communications Inc (LORL.O), said its order backlog as of September 30 stood at C$752 million, up from C$656 million, as of June 30.

Reporting by Euan Rocha; Editing by Bernard Orr

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below