Why Intuitive Machines Stock Was Marching Higher This Week

On the back of a share price spike and subsequent sell-off, Intuitive Machines (NASDAQ: LUNR) was quite the lively stock over the past few trading sessions. The spike and sell-off came on Thursday, with news that the moon exploration craft maker had released its third-quarter results. As of late that evening, its shares were up by 5% week to date, according to data compiled by S&P Global Market Intelligence.The quarter saw Intuitive, still a relatively early-stage company, more than quadruple its revenue on a year-over-year basis to almost $58.5 million. It flipped to a $55.5 million loss on the bottom line according to GAAP standards, against a more than $33 million profit in the same period of 2023. On a per-share basis, its deficit was $0.12 in the most recently reported frame. The company met the average analyst estimate for net loss, while it topped the consensus revenue forecast of $51 million, according to FactSet figures quoted by Barron's.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool