• Like
  • Comment
  • Favorite

BigBear.ai Holdings Plummets 29.05% in After-Hours Trading Amid Revenue Guidance Cut

Market Watcher08-12

August 11th, 8:00 PM, after the U.S. stock market opened for after-hours trading, several stocks experienced significant fluctuations.

BigBear.ai Holdings saw its stock price plummet by 29.05% in after-hours trading.
The sharp decline was triggered by the company's announcement of an 18% year-over-year drop in second-quarter revenue and a substantial downward revision of its full-year revenue guidance to between $125 million and $140 million. This disappointing financial outlook has raised concerns among investors about the company's future growth prospects.

AST SpaceMobile, Inc. experienced a 12.02% increase in its stock price during after-hours trading.
The company reported its second-quarter financial results, highlighting its ambitious global satellite deployment plan. AST SpaceMobile plans to deploy 45-60 satellites by 2026 and collaborate with 50 mobile network operators (MNOs), representing nearly 3 billion users. Despite reporting a pretax loss of USD 135.161 million and revenue of USD 1.156 million, which fell short of the IBES estimate of USD 8.72 million, the market responded positively to the company's strategic initiatives.

Top 5 Gainers in After-Hours Trading Today
Gevo Night +64.00%
180 Life Sciences Corp Night +47.31%
Kopin Night +19.25%
Tilray Inc. Night +14.13%
AST SpaceMobile, Inc. Night +12.02%

Top 5 Decliners in After-Hours Trading Today
TPI Composites Night -38.27%
BigBear.ai Holdings Night -29.05%
Celanese Night -14.07%
Dragonfly Energy Holdings Corp. Night -11.83%
TNF Pharmaceuticals, Inc. Night -8.83%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24