BUZZ - Intuitive Machines shares surge as its annual outlook beats market expectations and third-quarter revenue exceeds forecasts

November 12 - ** Intuitive Machines (LUNR.O) shares rose 11% in premarket trading to $13.53 after releasing its third-quarter financial results

** According to LSEG data, the aerospace company expects fiscal 2026 revenue to be between $920 million and $950 million, with the midpoint of $935 million exceeding analysts’ average estimate of $925.2 million

** Third-quarter revenue was $269.3 million, surpassing the expected $245.9 million

** Net loss per share for the third quarter was $0.02, compared with $0.06 in the same period last year

** As of the end of the third quarter, the order backlog reached a record $1.9 billion, a significant increase from $213 million at the end of 2025

** The company was selected as a supplier for NASA’s $10 billion CLPS 2 lunar transport contract

** LUNR stated that the launch of its first Altus-1 lunar satellite is proceeding as scheduled in March/April

** As of the previous trading day’s close, the stock had fallen about 25% year-to-date

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