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Company News

BUZZ-Maxar Technologies: Hits record low on Q3 results miss, forecast cut

** U.S.-listed shares of space technology co plunged as much as 45.5 pct to a record low of $14.74

** Stock, last down 37.9 pct, is second biggest pct loser across U.S. exchanges and on pace for its worst day ever

** Q3 rev, adj profit miss estimates, hurt by a decline in its satellite manufacturing segment GEO Comsat business

** Lowers FY adj profit forecast and expects bigger decline in 2018 revenue

** Says it will continue to evaluate strategic alternatives for GEO Comsat business and expects to make a final decision by end of 2018

** Stock has slumped 74 pct this year (Reporting by Amy Caren Daniel in Bengaluru)

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