AST SpaceMobile Surpasses Q3 Earnings Estimates, Misses on Revenues

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AST SpaceMobile Surpasses Q3 Earnings Estimates, Misses on Revenues

Zacks11-15 23:24

AST SpaceMobile, Inc. ASTS reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same. Stay up-to-date with all quarterly ...

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ASTS reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.  Stay up-to-date with all quarterly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ast-spacemobile-surpasses-q3-earnings-152400064.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AST SpaceMobile Surpasses Q3 Earnings Estimates, Misses on Revenues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAST SpaceMobile Surpasses Q3 Earnings Estimates, Misses on Revenues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ast-spacemobile-surpasses-q3-earnings-152400064.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AST SpaceMobile, Inc. ASTS reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.  Stay up-to-date with all quarterly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ast-spacemobile-surpasses-q3-earnings-152400064.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AST","symbol_name":"Asterias Biotherapeutics, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/ast-spacemobile-surpasses-q3-earnings-152400064.html","article_id":"2483920302","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/XbuIpQrVk99nJInENBcC7Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/76b77267780db8a8e104d16effc1eb76"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483920302","pubTimestamp":1731684240,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"AST SpaceMobile, Inc. ASTS reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net loss in the reported quarter was $171.9 million or a loss of $1.10 per share compared with $20.9 million or 23 cents per share in the year-ago quarter. Non-GAAP net income was 10 cents per share, which beat the Zacks Consensus Estimate by 28 cents.AST SpaceMobile, Inc. Price, Consensus and EPS Surprise. AST SpaceMobile, Inc. price-consensus-eps-surprise-chart | AST SpaceMobile, Inc. Quote. Quarterly revenues were $1.1 million, which missed the consensus estimate of $2 million.In the September quarter, total operating expenses rose to $66.6 million from $59 million in the year-ago quarter. This was due to increased research and development costs and engineering services costs. Adjusted operating expenses for the third quarter of 2024 were $45.3 million","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AST":"Asterias Biotherapeutics, Inc.","KEYS":"Keysight Technologies Inc"},"translate_title":"AST SpaceMobile第三季度盈利超出预期，但收入未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AST":1,"KEYS":0.9},"content_text":"AST SpaceMobile, Inc. ASTS reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.  Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nBottom Line\nNet loss in the reported quarter was $171.9 million or a loss of $1.10 per share compared with $20.9 million or 23 cents per share in the year-ago quarter. Non-GAAP net income was 10 cents per share, which beat the Zacks Consensus Estimate by 28 cents.\n\nAST SpaceMobile, Inc. Price, Consensus and EPS Surprise\n  \nAST SpaceMobile, Inc. price-consensus-eps-surprise-chart | AST SpaceMobile, Inc. Quote\n\nRevenues\nQuarterly revenues were $1.1 million, which missed the consensus estimate of $2 million.\nOther Details\nIn the September quarter, total operating expenses rose to $66.6 million from $59 million in the year-ago quarter. This was due to increased research and development costs and engineering services costs. Adjusted operating expenses for the third quarter of 2024 were $45.3 million, up 21.4% year over year.\nCash Flow & Liquidity\nFor the first nine months of 2024, the company utilized $97.7 million of cash from operating activities compared with a cash utilization of $124 million in the year-ago quarter. As of Sept. 30, 2024, it had $518.9 million in cash, cash equivalents and restricted cash.\nASTS’ Zacks Rank\nAST SpaceMobile currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Releases\nKeysight Technologies, Inc. KEYS is scheduled to release third-quarter earnings on Nov. 19. The Zacks Consensus Estimate for earnings is pegged at $1.57 per share, indicating a decline of 21.1% from the year-ago reported figure.\nNvidia Corporation NVDA is scheduled to release third-quarter earnings on Nov. 20. The Zacks Consensus Estimate for earnings is pegged at 74 cents per share, indicating a growth of 85% from the year-ago reported figure.Workday, Inc. WDAY is scheduled to release third-quarter fiscal 2025 earnings on Nov. 26. The Zacks Consensus Estimate for earnings is pegged at $1.72 per share, indicating growth of 12.4% from the year-ago reported figure. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nWorkday, Inc. (WDAY) : Free Stock Analysis Report\nKeysight Technologies Inc. (KEYS) : Free Stock Analysis Report\nAST SpaceMobile, Inc. (ASTS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}