AST SpaceMobile (ASTS) Shares Slide After Q2 Revenue Miss And Deeper Loss As Investors Eye Satellite Expansion
AST SpaceMobile (ASTS) shares fell roughly 3.5% in after-hours trading Monday after the company’s second-quarter results missed analyst expectations on both revenue and earnings. The satellite connectivity company reported Q2 revenue of $31.5 million, falling short of the $33.9 million analysts had projected, according to Fiscal.ai. Despite the miss, revenue grew dramatically compared to just…