What happened Shares of Maxar Technologies (NYSE: MAXR) are falling today, down by 9.7% as of of 12:45 p.m. EDT, after the company reported second-quarter results. So what For fiscal Q2, Maxar posted revenue of $473 million, which represented a 7.7% year-over-year increase that CEO Dan Jablonsky characterized as "solid." Earnings of $0.60 per share were down significantly from the prior-year period's $4.94 in EPS, but only because last year, Maxar sold off its MDA space business, generating a big one-time profit for the company that was impossible to repeat. Image source: Getty Images. Earnings from continuing operations at Maxar, on the other hand, totaled $45 million, versus zero earnings from continuing operations a year ago -- so that was actually an improvement. Now what Still, not all the news from this space and defense contractor was good. "Year-to-date free cash flow is exceeding our internal expectations," noted company CFO Biggs Porter, for example -- but even so, free cash flow for the year's first half now stands at negative $55 million. (That's better than H1 2020 FCF of negative $92 million, but still not good.) Finally, Maxar declined to give earnings guidance for the rest of this year in its report. What it did say, however, was not optimistic: Specifically, the company's order backlog has shrunk from $1.9 billion at the end of last year to just $1.5 billion today. Even absent specific guidance, that seems to suggest investors can expect declines in revenue and earnings going forward. 10 stocks we like better than Maxar Technologies Ltd.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Maxar Technologies Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends MAXAR TECHNOLOGIES LTD. The Motley Fool has a disclosure policy.Source