Why Intuitive Machines Stock Keeps Going Up
As the trading week draws to a close, shares of Intuitive Machines (NASDAQ: LUNR) are notching their fifth straight day of share price gains after the company reported earnings Thursday evening, rising 5.3% through 11 a.m. ET Friday morning.
I say "earnings" a bit euphemistically, however. As it turned out, this space start-up company didn't actually earn anything in the first quarter, reporting a $14 million operating loss instead (three times worse than a year ago). Revenue declined from $18.5 million a year ago to $18.2 million in Q1 2023.
So why are Intuitive Machines shares going up today, rather than down?
Source Fool.com
