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Why Intuitive Machines Stock Keeps Going Up

TheMotleyFool

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Why Intuitive Machines Stock Keeps Going Up: https://g.foolcdn.com/editorial/images/732289/rocket-launch.jpg

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

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