AST SpaceMobile Stock Reverses Higher Despite Missing on Both Top and Bottom Lines
AST SpaceMobile shares are trading higher Tuesday, reversing an initial decline after it reported Q2 results Monday after the market closed.
AST SpaceMobile missed its earnings targets—meaning it made less money than expected—but the stock price went up anyway. This shows investors might believe the company has a good future even if right now isn't perfect.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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