York Space Systems falls as revenue misses estimates and loss widens
FROM THE WIRE · SEEKINGALPHA.COM
[Satellite antenna array under the Milky Way sky] bjdlzx/E+ via Getty Images York Space Systems (YSS [https://seekingalpha.com/symbol/YSS]) shares fell 4.5% in extended trading Thursday after the satellite and defense company reported third-quarter revenue below Wall Street…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA quarterly revenue miss and wider loss can weigh on the shares of a young space and defense company.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Third-quarter revenue fell 7% to $84.17 million from $90.76 million a year earlier.
- 02That missed the $90.03 million consensus by about $5.86 million.
- 03The loss widened to $807.4 million, or $5.99 a share, from $20.1 million, or 21 cents a share.
- 04Shares fell 4.5% in extended trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets