AST SpaceMobile Stock Is Up On Q2 Earnings: What Investors Need To Know
Portfolio Pulse from Adam Eckert
AST SpaceMobile Inc (NASDAQ:ASTS) reported Q2 earnings with sales of $900,000 and an adjusted loss of 51 cents per share, missing analyst estimates. The company highlighted a $100 million strategic investment by Verizon and announced the arrival of its first five commercial satellites for a September launch. AST SpaceMobile shares rose 2.11% after-hours.
August 14, 2024 | 9:17 pm
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AST SpaceMobile reported Q2 sales of $900,000 and an adjusted loss of 51 cents per share, missing analyst estimates. The company received a $100 million investment from Verizon and is set to launch its first five commercial satellites in September. Shares rose 2.11% after-hours.
Despite missing earnings estimates, the strategic investment by Verizon and the upcoming satellite launch are positive developments. The market reacted favorably, with shares rising 2.11% after-hours.
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IMPORTANCE 80
RELEVANCE 100