AST SpaceMobile Q1 2024 Adj EPS $(0.16) Beats $(0.21) Estimate, Sales $500.00K Miss $5.50M Estimate
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AST SpaceMobile (NASDAQ:ASTS) reported a Q1 2024 adjusted EPS of $(0.16), beating the analyst estimate of $(0.21). However, the company missed its sales estimate significantly, reporting $500,000 in sales against an expected $5.50 million.
May 15, 2024 | 8:17 pm
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AST SpaceMobile reported a Q1 2024 adjusted EPS of $(0.16), beating the analyst estimate of $(0.21). However, the company missed its sales estimate significantly, reporting $500,000 in sales against an expected $5.50 million.
While AST SpaceMobile's EPS beat expectations, the significant miss on sales could raise concerns about the company's revenue generation capabilities. This mixed result may lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100