T - AST SpaceMobile Stock Is Blasting Off After The Bell: Here's Why | Benzinga
AST SpaceMobile Inc (NASDAQ:ASTS) shares are ripping higher in Wednesday’s after-hours session after the company reported first-quarter financial results and announced a definitive commercial agreement with AT&T Inc (NYSE:T).
What Happened: AST SpaceMobile reported first-quarter sales of $500,000, which missed analyst estimates of $5.5 million, according to data from Benzinga Pro.
The company reported an adjusted loss of 16 cents per share, which beat estimates for a loss of 21 cents per share.
“I am grateful for our global team’s unwavering dedication and hard work as we prepare for the ...