What's Going On With Rocket Lab Stock on Wednesday? - Rocket Lab (NASDAQ:RKLB)

Rocket Lab Corporation (NASDAQ:RKLB) shares are trading higher on Wednesday.

On Monday, the company exceeded second-quarter expectations, but analysts have mixed views on its future price forecasts, which range from $115 to $122.Earnings SnapshotRocket 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.The company guided for third-quarter revenue of $250 million to $265 million, versus the consensus estimate of $238.53 million.

The company also anticipates an adjusted EBITDA loss of $17 million to $23 million for the third quarter.

Read Also: Rocket Lab CEO Sees AI Data Centers Moving Into Space as Computing Demand Explodes: ‘Real Opportunity’ Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $107.71.