After-hours movers: AST SpaceMobile sinks on offering, AeroVironment gains on earnings

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AST SpaceMobile Inc (NASDAQ:ASTS18% LOWER; announced today the launch of a public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share, in an underwritten public offering.

AeroVironment (NASDAQ:AVAV) 6% HIGHER; reported Q4 EPS of $0.99, $0.03 worse than the analyst estimate of $1.02. Revenue for the quarter came in at $186 million versus the consensus estimate of $164.97M. AeroVironment sees FY2024 EPS of $2.30-$2.60, versus the consensus of $2.04. AeroVironment sees FY2024 revenue of $630-660M, versus the consensus of $600M.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) 2% HIGHER; announced the contents of a new four-year contract proposal unanimously agreed to by the bargaining committee of the Local Lodge 839 of the International Association of Machinists and Aerospace Workers (IAM).

Boeing (NYSE:BA) 1% HIGHER; gains on Spirit AeroSystems deal with the union.

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