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Telus reported quarterly earnings of $0.11 per share, missing the consensus estimate of $0.13 and down from $0.17 a year ago. The company has underperformed the market significantly, losing 28.5% year-to-date compared to the S&P 500's 7.4% gain. With a Zacks Rank #3 (Hold) rating and the Diversified Communication Services industry in the bottom 25% of rankings, the stock is expected to perform in line with the market going forward.
AST SpaceMobile has announced plans to build its own 20-ton 'Blacklift' rocket to deploy its BlueBird satellites, utilizing engines and engineering support from Firefly Aerospace.
AST SpaceMobile has taken a significant step toward commercial service in Brazil, potentially creating a blueprint for growth across other markets. However, Amazon's acquisition of Globalstar brings fresh competition as ASTS stock struggles to recover from a steep sell-off. The company's next major catalyst may depend on delivering operational gateways, reliable coverage, and paying customers.
AST SpaceMobile will support prime contractor STR under a new U.S. Space Force contract to develop its space-based cellular broadband network.
Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are moving lower on Thursday, even after the company was awarded a U.S. Space Force contract. Here’s what you need to know.