Rocket Lab Falls 2.27% as S&P 500 Slips 0.02%
Rocket Lab shares fell more than the broader market, while analyst estimates point to higher quarterly revenue and a per-share loss.
Key takeaways
- Rocket Lab closed at $64.22, down 2.27%, while the S&P 500 fell 0.02%.
- Zacks estimates call for quarterly revenue of $255.89 million and a loss of $0.02 per share.
Rocket Lab shares closed at $64.22, down 2.27% in the latest trading session. The S&P 500 fell 0.02%, while the Dow lost 0.35% and the Nasdaq declined 0.15%.
Zacks estimates the company will report a quarterly loss of $0.02 per share, with revenue of $255.89 million. Those estimates represent a projected 300% decline in earnings per share and 65% revenue growth from the same quarter a year earlier.
For the full year, Zacks consensus estimates call for a loss of $0.05 per share and revenue of $945.03 million. Over the past month, Rocket Lab shares gained 5.05%, according to the article.
This article was produced with the help of AI technology. Source: Yahoo Finance
