SpaceX earnings beat Wall Street estimates in second report as public company
FROM THE WIRE · FINANCE.YAHOO.COM
SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit $4.4 billion, or 35 cents a share, more than double estimates while spending nearly $20 billion on capex. Ross Gerber of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA quarterly result above expectations can support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01SpaceX posted its first quarterly profit of $4.4 billion, or 35 cents a share.
- 02Revenue came in at about $15 billion versus the street estimate of about $13 billion.
- 03Capital expenditure was about $19.6 billion, in line with expectations.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets