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Should ASTS Be in Your Portfolio Post Lackluster Q3 Earnings?
ASTSAST SpaceMobile(ASTS) ZACKS·2024-11-19 15:30

AST SpaceMobile, Inc. (ASTS) reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.Net loss in the reported quarter was 171.9millionor171.9 million or 1.10 per share compared with a loss of 20.9millionor23centspershareintheyearagoquarter.NonGAAPnetincomewas10centspershare,whichbeattheZacksConsensusEstimateby28cents.Quarterlyrevenueswere20.9 million or 23 cents per share in the year-ago quarter. Non-GAAP net income was 10 cents per share, which beat the Zacks Consensus Estimate by 28 cents. Quarterly revenues were 1.1 million, which missed the consensus estimate of $2 million.Key Grow ...