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AST SpaceMobile maintained its ambitious revenue target despite second-quarter results that fell short of Wall Street expectations, sending ASTS shares sharply lower on Monday. Shares of AST SpaceMobile fell more than 4% during regular trading on Monday and extended losses by roughly 4% in after-hours trading before trimming declines to nearly 1% overnight. The company…
GE Aerospace (GE) has climbed 37% over the past year, outpacing both the S&P 500 and the broader industrials sector by a wide margin. The company builds and services engines powering a large portion of the world’s commercial and military aircraft, with a fleet of 80,000 engines currently in service. That installed base functions as…
Rocket Lab Corp (NASDAQ: RKLB) reported second-quarter results that delivered record revenue but fell short of Wall Street’s earnings expectations, sending shares lower in after-hours trading. The space systems and launch services company posted an adjusted loss of $0.08 per share for the quarter ended June 30, missing the analyst consensus estimate of $0.06 per…
Archer Aviation Inc. (NYSE: ACHR) and The Boeing Company (NYSE: BA) have signed definitive agreements for Archer to acquire Boeing’s Wisk Aero, SkyGrid, and Insitu subsidiaries. The deal combines decades of complementary capabilities in autonomy, electric vertical takeoff and landing aircraft, and unmanned aircraft systems into a single aerospace and defense platform. The transaction adds…
GameStop Corp. CEO Ryan Cohen is now weighing whether to pull his company’s $56 billion unsolicited takeover bid for eBay Inc., marking a dramatic shift in one of the year’s most closely watched corporate sagas. According to people familiar with the matter, Cohen is considering replacing the acquisition proposal with a partnership or joint venture…
AST SpaceMobile (NASDAQ: ASTS) reported second quarter 2026 results on August 10, falling short of Wall Street expectations despite significant operational progress in its satellite broadband network buildout. The space-based cellular broadband provider posted revenue of $31.52 million for the quarter, coming in below the analyst consensus estimate of $34.98 million. The company reported an…
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…
General Dynamics (GD) has delivered a strong year-to-date performance, raising the question of whether it stands out among its aerospace peers. The Aerospace group currently ranks second out of 16 groups in the Zacks Sector Rank, making it one of the stronger performing sectors overall. The sector includes 76 individual companies, and the ranking is…
Second-quarter corporate earnings growth is tracking near 48%, a figure that signals remarkable strength across the broader market, not just among technology giants. Even after adjusting for investment-related gains at Alphabet (GOOGL) and Amazon (AMZN), earnings growth remains close to 29%, underscoring the durability of the current profit cycle. The results are fueling renewed confidence…
Microsoft (MSFT) shares have staged a dramatic comeback, recovering sharply after briefly falling below $350 from a high above $553 less than one year ago. The recovery came on the heels of a strong earnings report that reignited investor confidence in the company’s artificial intelligence and cloud growth strategy. Microsoft shares advanced approximately 23% over…