AST SpaceMobile Q3 2023 EPS $(0.23) Down From $(0.18) YoY
Portfolio Pulse from Benzinga Newsdesk
AST SpaceMobile reported a Q3 2023 EPS of $(0.23), which is a decrease from the $(0.18) reported in the same quarter of the previous year.
November 14, 2023 | 9:38 pm
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NEGATIVE IMPACT
AST SpaceMobile's Q3 2023 earnings report indicates a larger loss per share compared to the previous year, which may concern investors about the company's profitability.
The reported increase in loss per share year-over-year is typically viewed negatively by investors as it suggests deteriorating profitability or financial challenges. This could lead to a decrease in investor confidence and potentially result in a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100