Movement Alert｜Rocket Lab USA, Inc. Falls 7.25% in Pre-Market Trading, Wider-Than-Expected Q3 Loss Overshadows Revenue Beat

Market Focus11-10 17:00

On November 10, Rocket Lab USA, Inc. fell 7.25% in Pre-Market Trading, trading at $54.48/share, with turnover of $1.57 million.

The move followed the company’s latest quarterly results: third-quarter revenue was $267.8 million, above market expectations near $255.7 million to $257.2 million, but loss per share came in at $0.12, worse than the expected loss of about $0.06 to $0.07.

Additional disclosed details showed third-quarter backlog rose to $3.6 billion from $2.4 billion at the end of the prior quarter, and fourth-quarter revenue guidance of $270 million to $290 million was also above consensus. However, the wider loss and continued concerns after the Neutron first-launch timeline was pushed into next year appear to have kept sentiment cautious despite the topline beat.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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