Recap: Rocket Lab USA Q4 Earnings
Portfolio Pulse from Benzinga Insights
Rocket Lab USA (NASDAQ:RKLB) reported its Q4 earnings on February 27, 2024, missing estimated earnings by 0.0% with an EPS of $-0.1. Revenue increased by $8.23 million from the previous year. Despite beating EPS estimates in Q3 2023, the share price dropped by 2.0% the following day. The company's past earnings performance shows a mixed trend in beating EPS estimates.
February 27, 2024 | 9:10 pm
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Rocket Lab USA reported Q4 earnings with an EPS of $-0.1, matching estimates, and a revenue increase of $8.23 million from the previous year.
Rocket Lab USA's Q4 earnings report shows a match with estimated EPS and a significant increase in revenue compared to the previous year. Historically, the company's share price dropped by 2.0% following a beat in Q3 2023 earnings, indicating that investors may have mixed reactions to earnings reports. The exact match with EPS estimates and the revenue increase could be seen as positive, but the company's history of share price volatility post-earnings suggests a neutral short-term impact.
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