RTTNews | May 4, 2021 10:14AM EDT

10:14 Tuesday, May 4, 2021 (RTTNews.com) - Shares of earth intelligence and space infrastructure solutions provider Maxar Technologies Inc. (MAXR) are down more than 21% Tuesday morning following first quarter results.

Loss from continuing operations in the first quarter was $84 million or $1.30 per share compared with loss of $78 million or $1.30 per share last year.

Revenue for the quarter was $392 million compared with $381 million in the same quarter a year ago.

The company said its revenue and earnings were negatively impacted by a $28 million charge related to the Sirius-XM7 satellite program.

MAXR, currently at $30.66, has been trading in the range of $8.65- $58.75 in the past 52 weeks.

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