By Steve Moore | Thursday 14 July 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Provider of customer, lead, and inquiry acquisition and digital media services, Digital Globe (DGS) commences a “Trading Update” noting that it “expects to deliver revenue for the year of approximately $48.0m (FY15: $40.3m), marginally ahead of market expectations”. Good, good … “gross margins experienced compression in the second half of the year due primarily to increased marketing spend”. Uh oh…
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