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GeoEye Management is Pleased to Announce the First Quarter 2012 Earnings Conference Call has been Moved Up

Wednesday, May 2, 2012 7:15 PM

-- New Date Friday, May 4, 2012, 8:30 a.m. EDT --

HERNDON, Va., May 2, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, has rescheduled its first quarter conference call and webcast for investors and analysts. The call will now be held on Friday, May 4, 2012, beginning at 8:30 a.m. EDT.

(Logo:  http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)

"Today we are pleased to announce that we have moved up our quarterly conference call to tell you that we have been notified this week by the NGA of the full funding for our EnhancedView SLA for the 2012 contract term. We expect to receive our $111 million cost-share payment by the third quarter as previously disclosed. In addition, results for the first quarter were above our expectations, as our core business remained strong, and our international business continued to exhibit solid growth," said Matt O'Connell, GeoEye's chief executive officer and president. "We renewed a number of large international affiliate contracts, which gives us excellent visibility into our 2012 revenues. We performed well under our EnhancedView Service Level Agreement, and the construction of our GeoEye-2 satellite remains on time and on budget for a launch in the first half of 2013." 

The call will include a review of the first quarter 2012 financial results, a brief discussion of the company's operations, and news on recent major developments regarding the company's outlook for Fiscal 2012.

The conference call will be hosted by GeoEye's senior executives:

  • Mr. Matt O'Connell, president and chief executive officer
  • Mr. Joseph (Joe) Greeves, executive vice president and chief financial officer
  • Mr. Randall (Randy) Scherago, vice president, Investor Relations  

To participate in the call via phone, domestic callers may dial toll-free at (877) 776-4039. International callers may dial (631) 291-4808 approximately 10 minutes prior to the start time. Callers may identify themselves to the operator as GeoEye conference call participants or by using the conference ID: 62701899. Questions will be accepted from phone participants during the live call after prepared remarks and as time permits. 

The conference call will also be webcast on the "Investor Relations" section of the company's corporate Web site, www.geoeye.com. To directly access the live webcast go to: http://geoy.client.shareholder.com/events.cfm and click on the "May 4, 2012 Investor Update Webcast" link. Please allow 15 minutes before the scheduled start time to register, download and install any necessary audio software.

An archived webcast of the conference call will be available at the same URL address approximately two hours after the conclusion of the call.


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