Astra Space Q2 Adj $(0.12), Inline, Sales $707.00K Down From $2.68M YoY
Portfolio Pulse from Benzinga Newsdesk
Astra Space (NASDAQ:ASTR) reported Q2 losses of $(0.05) per share, beating the analyst consensus estimate of $(0.12) by 58.33 percent. This is an 80 percent increase over losses from the same period last year. However, sales decreased by 73.64 percent to $707.00 thousand from $2.68 million YoY.
August 14, 2023 | 9:08 pm
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Astra Space's Q2 earnings beat estimates but sales significantly decreased YoY.
While Astra Space beat earnings estimates, which is generally positive for the stock, the significant decrease in sales YoY could be a concern for investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100