Shares of GeoEye Inc. (NASDAQ:GEOY) soared Thursday after it shifted to a profit in the fourth quarter on strong sales. GeoEye Inc. trades on the “NASDAQ” under the stock symbol “GEOY”. For the Latest information regarding “GEOY”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Shares of GeoEye Inc. (NASDAQ:GEOY) soared Thursday after the Satellite Image provider said it shifted to a profit in the fourth quarter on strong government sales. The company also said it signed a key financing deal.
Shares climbed $3.72, or 15 percent, to $28.45 in midday trading. The stock has ranged from $17.60 to $33 over the past year.
Late Wednesday, company posted quarterly earnings of $11.7 million, or 55 cents per share, compared with a loss of $3.6 million, or 20 cents per share, in the same period a year earlier. Revenue grew 80 percent to $73.2 million from $40.7 million.
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