AST Spacemobile drops after 1Q top and bottom lines miss estimates
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AST SpaceMobile shares fell 11% in postmarket trading after the company reported Q1 earnings that missed Wall Street expectations. Revenue was $14.7 million, significantly below the $39 million estimate, while net income was -$191 million, worse than the anticipated -$76.3 million. Despite this, revenue increased from $7.18 million in Q1 2025. The company has agreements with major telecoms and aims to launch 45 satellites by 2026, currently trailing behind SpaceX's Starlink.
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