Rocket Lab Q4 Earnings: Revenue Miss, EPS In Line, New Spacecraft Unveiled And More
Portfolio Pulse from Adam Eckert
Rocket Lab USA Inc (NASDAQ:RKLB) reported Q4 earnings with revenue of $59.99 million, missing the consensus estimate of $62.89 million, and a loss of 10 cents per share, in line with estimates. The company unveiled a new family of spacecraft buses, including the Photon, Lightning, Pioneer, and Explorer. For Q1, Rocket Lab expects revenue between $92 million and $98 million, below estimates of $98.57 million, and an adjusted EBITDA loss of $28 million to $30 million. Shares fell 4.67% after hours to $4.49.
February 27, 2024 | 9:36 pm
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Rocket Lab reported Q4 earnings with a revenue miss and EPS in line with estimates. Unveiled new spacecraft buses and provided a Q1 revenue outlook below estimates. Shares fell 4.67% after hours.
The revenue miss for Q4 and the lower than expected revenue outlook for Q1 are likely to negatively impact investor sentiment in the short term, as reflected in the after-hours stock price drop. The unveiling of new spacecraft buses may be seen as a positive development, but the immediate financial outlook seems to weigh more heavily on the stock.
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IMPORTANCE 90
RELEVANCE 100