Why Rocket Lab Stock Rocketed More Than 40% Wednesday Morning
Rocket Lab USA(RKLB) The Motley Fool·2024-11-13 23:59
Rocket Lab (RKLB 51.43%) stock lived up to its name this morning as shares were up 44% at 10:45 a.m. ET after an encouraging earnings report Tuesday evening.Heading into the Q3 report, analysts had forecast Rocket Lab would lose $0.11 per share on quarterly sales of $102.3 million. The company instead reported sales of $104.8 million, and a loss of $0.10 per share. Rocket Lab Q3 earningsRocket Lab revenue rose 55%. Granted, losses also rose, up 25% from $0.08 per share one year ago. Still, if you pull back ...