Rocket Lab Shares Fall Following Third Quarter Earnings Miss
Rocket Lab Corp (RKLB) saw its shares drop over 5% in premarket trading after reporting third-quarter earnings that missed analyst expectations. While the company reported an adjusted loss of $0.12 per share against a consensus estimate of $0.07, it achieved record revenue of $268 million, representing a 73% year-over-year increase. The company's outlook remains robust with a record backlog of approximately $3.6 billion and Q4 revenue guidance between $270 million and $290 million, exceeding market estimates. Rocket Lab also reported increased pricing power for its upcoming Neutron rocket, raising the average selling price to $70 million per launch due to tightening industry capacity.
Tickers: $RKLB
Topics: backlog growth earnings miss guidance revenue beat stock price movement
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