AST SpaceMobile Q2 2024 GAAP EPS $(0.51) Misses $(0.22) Estimate, Sales $900.00K
Portfolio Pulse from Benzinga Newsdesk
AST SpaceMobile (NASDAQ:ASTS) reported Q2 2024 GAAP EPS of $(0.51), missing the $(0.22) estimate by 131.82%. This represents a 112.5% increase in losses compared to the same period last year. Quarterly sales were $900,000.
August 14, 2024 | 8:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AST SpaceMobile reported a significant earnings miss for Q2 2024, with GAAP EPS of $(0.51) missing the $(0.22) estimate by 131.82%. The company also saw a 112.5% increase in losses compared to the same period last year, with quarterly sales of $900,000.
The significant miss on earnings per share and the substantial increase in losses compared to the previous year are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100