Why AST SpaceMobile Stock Just Crashed 12%

AST SpaceMobile (ASTS -12.24%) stock tumbled 12.5% through noon ET Friday after the company reported a big earnings miss last night.Heading into the report, analysts forecast the start-up provider of direct-to-cell (via satellite) mobile communications would report a $0.23-per-share loss for its Q3 2024. Instead, AST said it lost$1.10 per share. AST SpaceMobile Q3 earningsCEO Abel Avellan led off the report highlighting AST's "many significant milestones" recently achieved, such as the successful launch of ...