These 10 Stocks Defied Tuesday’s Bloodbath

3. AST SpaceMobile Inc. (NASDAQ:ASTS)

AST SpaceMobile grew its share prices by 11.67 percent on Tuesday to end at $28.61 apiece as investor sentiment was boosted by recently bagged deals and beating analyst estimates for its latest earnings performance.

The company, which reported its earnings results on Monday, beat earnings per share estimates by 6 cents, ending at -$0.12 versus a -$0.18 estimate.

ASTS, however, posted a 244-percent higher net loss in full-year 2024 at $300 million versus the $87 million registered in 2023.

Net loss in the fourth quarter alone also grew by 12 percent to $35.8 million from $31.9 million in the same period a year earlier.

Among its significant business updates, ASTS said it officially clinched a definitive commercial agreement with Vodafone through 2034 to establish a framework to offer SpaceMobile service in its 20+ countries across Europe and Africa.

It also secured a contract with the US Space Development Agency, which is expected to rake in $43 million in revenues.