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Why Did Intuitive Machines Stock Just Drop?

TheMotleyFool

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Why Did Intuitive Machines Stock Just Drop?: https://g.foolcdn.com/editorial/images/870103/rocket-crashed-and-impacted-on-the-surface-of-a-table.jpg

Intuitive Machines (NASDAQ: LUNR) stock, the space company that returned America to the moon in 2024 after a 52-year absence, opened sharply lower after missing Q1 estimates this morning. As of 11:25 a.m. ET, the stock has pared its losses and is down only about 0.5%.

Heading into Intuitive's report, analysts expected the space stock to lose about $0.06 per share on $200.1 million in revenue. Instead, Intuitive reported a $0.25-per-share loss on sales of $186.7 million.

Image source: Getty Images.

Source Fool.com

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