Why Intuitive Machines Stock Dropped Today
The space infrastructure company still has a surging backlog and is projected to grow 20% over the next few years, analysts said.
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3 Articles
Why Intuitive Machines Stock Dropped Today
Key PointsIntuitive Machines missed badly on both sales and earnings this morning.The space stock says it will close out 2026 with up to $1 billion in sales -- but apparently no profit on those sales.10 stocks we like better than Intuitive Machines › Space stock Intuitive Machines (NASDAQ: LUNR) tumbled 3% through 11:05 a.m. ET Thursday morning -- but it could have been worse. After reporting a big earnings miss for Q2 this morning, shares were …
A $14.7M reason why Intuitive Machines stock is sinking today
Intuitive Machines (LUNR) shares opened in the red this morning as a $14.7 million charge made the space exploration company come in shy of Q2 estimates. While LUNR posted a 4x year-on-year increase in its quarterly revenue to a record $206.2 million, and significantly expanded its backlog as well, the number fell notably short of nearly $224 million that experts had forecast. The miss adds to pressure on Intuitive Machines stock that was alread…
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