Why AST SpaceMobile Stock Just Crashed 12%
AST SpaceMobile ( ASTS -14.07%) stock tumbled 12.5% through noon ET Friday after the company reported a big earnings miss last night. Heading into the report, analysts forecast the start-up provider of direct-to-cell (via satellite) mobile communications would report a $0.23-per-share loss for its Q3 2024. Instead, AST said it lost $1.10 per share.