Rocket Lab Cuts Q3 Revenue Outlook From $73M-$77M To $66M-$68M, Est. $74.5M
Portfolio Pulse from Benzinga Newsdesk
Rocket Lab has reduced its Q3 revenue forecast from $73M-$77M to $66M-$68M, against an estimated $74.5M.
September 26, 2023 | 9:21 pm
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NEGATIVE IMPACT
Rocket Lab's reduced Q3 revenue forecast could negatively impact its stock price in the short term.
Rocket Lab's reduced Q3 revenue forecast is a negative signal to investors, which could lead to a sell-off in the short term, thereby negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100