AST SpaceMobile shares are trading higher Tuesday, reversing an initial decline after it reported Q2 results Monday after the market closed.
AST SpaceMobile missed Q2 (EPS -35¢ vs -28¢, revenue $31.5M vs $35M) but backlog reached $1.3B. Contract backlog growth and reaffirmed guidance confirm satellite-cellular is moving from development to deployment; material signal for telecom infrastructure decisions.
AST SpaceMobile Inc.
(NASDAQ:ASTS) shares are trading higher Tuesday, reversing an initial decline after the company reported second-quarter results Monday after the market closed.
AST SpaceMobile stock is building positive momentum.
Why is ASTS stock trading higher?
Q2 Results Miss Estimates; Backlog Grows to $1.3B AST SpaceMobile reported an adjusted loss of 35 cents per share, missing the consensus estimate of a 28-cent loss.
Here's a detailed look inside AST SpaceMobile's Q2 earnings report.
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