AST SpaceMobile Surpasses Q3 Earnings Estimates, Misses on Revenues

From Nasdaq: 2024-11-15 10:24:00

AST SpaceMobile, Inc. (ASTS) reported Q3 2024 results with adjusted earnings beating estimates but revenues missing. Net loss was $171.9 million, with non-GAAP net income at 10 cents per share. The company had $518.9 million in cash as of Sept. 30, 2024. ASTS currently carries a Zacks Rank #2 (Buy).

Keysight Technologies, Inc. (KEYS) will release Q3 earnings on Nov. 19, with estimates at $1.57 per share. Nvidia Corporation (NVDA) follows on Nov. 20, with estimates at 74 cents per share. Workday, Inc. (WDAY) reports on Nov. 26, with estimates at $1.72 per share. The solar industry is set to boom, offering investment opportunities.

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