Why AST SpaceMobile Stock Is Skyrocketing Today
AST SpaceMobile (NASDAQ: ASTS) stock is posting huge gains in Tuesday's trading. The company's share price was up 18.5% as of 2:30 p.m. ET and had been up as much as 19.8% earlier in the session.
AST published its fourth-quarter results after yesterday's market close and actually posted sales that came in lower than anticipated. Despite the revenue miss, the company's stock is making big gains thanks to management's bullish performance outlook for this year.
AST SpaceMobile's non-GAAP (adjusted) loss per share of $0.18 in Q4 was in line with the average Wall Street analyst estimate, but its sales came in lower than expected. The business posted revenue of $1.92 million in the quarter, falling short of the average analyst target by roughly $460,000. While the sales mix may look big on a percentage basis, it's not particularly significant given that the company is still at such an early stage of its commercial scaling -- and management had some encouraging guidance for 2025.
Source Fool.com
