AST SpaceMobile is trading 4.06% down at $68.25 after investors focused on weaker-than-expected second-quarter results.

  • Revenue reached $31.52 million versus approximately $35 million expected; adjusted EPS was negative $0.77 versus a negative $0.28 consensus estimate.
  • Full-year revenue guidance remained $150 million-$200 million; the company’s approximately $1.3 billion backlog and reaffirmed guidance provide some offset.
  • The Nasdaq Composite was down 1.30% in pre-market, adding pressure to growth-oriented shares.