Why Firefly Aerospace Stock Popped Then Dropped Today
Source: Motley Fool
2026-05-05 13:02:03 ET
Space company Firefly Aerospace (NASDAQ: FLY) soared more than 17% in early trading on the Nasdaq Tuesday after beating on earnings last night -- then reversed. Shares of the rocket stock dropped 5% through 12:05 p.m. ET.
Analysts expected Firefly to lose $0.52 per share on $74.9 million in sales, but Firefly beat on both top and bottom lines. Losses came in at only $0.46 per share, and sales higher than expected at $80.9 million.
Image source: Getty Images.
Firefly Aerospace Inc.
NASDAQ: FLY
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$3,724,883,744
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Aerospace & Defense
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