Satellite imagery company DigitalGlobe Inc posted a lower second-quarter profit, hurt in part by charges, and forecast full-year profit largely below Wall Street expectations.

In a conference call with analysts, DigitalGlobe, which reported its first quarter as a public company, said it does not have plans for replacement or incremental satellite capacity at this time.

The company also said it does not expect to increase incremental satellite spend until a government contract is finalized.

Regarding its WorldView-2 satellite, DigitalGlobe said the first images from the satellite would be available 90 days from the launch, which is scheduled for Oct. 6.

The company said it would start recognizing revenue from its Direct Access Program customers only after WorldView-2 is commissioned and ground systems are operational.

DigitalGlobe, which went public in May, posted second-quarter net income of $8.4 million, or 19 cents a share, down from $11.6 million, or 26 cents a share, a year ago.

The latest quarter includes a pre-tax charge of 17 cents a share related to the early repayment of debt, the company said.

Revenue rose about 4 percent to $70 million.

Analysts on average were expecting earnings of 17 cents a share, before items, on revenue of $65.3 million, according to Reuters Estimates.

DigitalGlobe said it continued to see weakness in its commercial revenue, which fell 11 percent to $11.7 million in the quarter, due to the economic downturn.

DigitalGlobe's commercial customers include location-based applications such Google Maps and Microsoft Virtual Earth, and navigation device makers like Garmin Ltd and Nokia.

Earlier on Monday, rival GeoEye Inc posted a better-than-expected quarterly profit, helped by full revenue recognition from its newest satellite.

For 2009, DigitalGlobe forecast earnings of 80 cents to 90 cents a share, on revenue of $267 million to $277 million.

Analysts were looking for 89 cents a share, before items, on revenue of $267.8 million.

The company expects capital expenditures for the year to be between $170 million and $180 million, including about $160 million for WorldView-2.

Shares of the company were up 2 percent at $19.25 after the bell. They closed at $18.93 Monday on the New York Stock Exchange.

(Reporting by A.Ananthalakshmi in Bangalore; Editing by Anne Pallivathuckal)