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The space company posted $234 million in second-quarter revenue, up 62% year over year, but a per-share loss that missed analyst estimates
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Rocket Lab reported record second-quarter revenue of $234 million on Monday, a 62% increase from the prior year, but posted a wider-than-expected loss that sent Rocket Lab stock lower.
The Long Beach, California-based launch and space systems company disclosed a net loss of $49.3 million, or 8 cents per share, for the three months ended June 30, improving from $66.4 million, or 13 cents per share, in the year-ago quarter. The consensus forecast from FactSet analysts had called for a 6-cent-per-share loss on $231.6 million in revenue, according to The Wall Street Journal. Rocket Lab stock fell 1.6% to $78.80 after Monday's close.
