Why BlackSky Technology Stock Dropped Today
Shares of spy satellite operator BlackSky Technology (NYSE: BKSY) stock tumbled 5.5% through 9:50 a.m. ET Thursday after reporting worse-than-expected losses this morning -- and missing badly on revenue as well.
Heading into the report, analysts already weren't optimistic, forecasting BlackSky to lose $0.35 per share on sales of under $29 million. In fact, BlackSky's losses totaled $0.44 per share, and revenue was less than $20 million -- just $19.6 million.
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Source Fool.com
