Rocket Lab Reports Better-Than-Expected Results; Backlog Grows More Than 50%
Rocket Lab said its backlog grew more than 50% from the previous quarter. Shares fell late Monday after its third-quarter earnings report.
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09:44:35 PM UTC
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By Katherine HamiltonRocket Lab posted a jump in revenue during the third quarter, spurred by an increase in its backlog.The space company posted a loss of $79.7 million, or 12 cents a share, compared with a loss of $18.3 million, or 3 cents a share, a year earlier. Analysts expected a loss of 7 ce…
By Al RootRocket Lab reported better-than-expected financial results and grew backlog by more than 50% compared with the previous quarter. Still, shares fell late Monday after its third-quarter earnings report.Predicting what will happen to Rocket Lab stock these days feels less like astronomy and…