Rocket Lab Reports Q2 Revenue Beat, Record Backlog — Stock Falls Anyway

Rocket Lab Corporation (NASDAQ: RKLB ) shares are trading lower Tuesday after the company reported mixed second- quarter financial results. Rocket Lab shares are sliding. Why are RKLB shares down? Q2 Highlights Rocket Lab reported a second-quarter loss of 8 cents per share, missing the consensus estimate of a loss of 7 cents per share. In addition, the company reported revenue of $234.07 million, beating the consensus estimate of $231.35 million. Total revenue was up 62% year-over-year, driven by surging demand across all business segments. Rocket Lab signed $437 million in new Electron, HASTE, and Neutron launch contracts during the quarter, along with additional post-quarter signings. The company ended the period with a record backlog of $2.36 billion and approximately $2.13 billion in cash and cash equivalents. “Q2 was another fantastic quarter for Rocket Lab, highlighted by...