Intuitive Machines Says It Has a "Fortress-Like Balance Sheet." Is It True?

Lunar exploration company Intuitive Machines (NASDAQ: LUNR) shot up like a rocket after reporting earnings last week (well, it did before an inflation- and tariff-inspired temper tantrum crashed the stock market on Friday). If you own Intuitive stock, you probably know this already. What you may not realize, though, is that Intuitive Machines' stock rocketed higher not because of its earnings...but despite them. Rather than its 30% one-day share price gain being inspired by an "earnings beat," Intuitive Machines actually missed its earnings numbers.And it missed on guidance, too.Heading into the fourth quarter, Wall Street analysts forecast no profits for Intuitive Machines but $55.8 million in quarterly sales. The company sadly reported only $54.7 million, albeit this was up 79% year over year. The worse news is that management forecasted that in fiscal 2025, it would generate only $250 million to $300 million in sales for the year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool