Rocket Lab USA Q1 2024 GAAP EPS $(0.09) Beats $(0.10) Estimate, Sales $92.767M Miss $94.995M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rocket Lab USA (RKLB) reported Q1 2024 earnings with a smaller loss per share of $(0.09) compared to the expected $(0.10), beating estimates by 10%. However, their sales of $92.767M fell short of the expected $94.995M, missing estimates by 2.35%. Despite this, sales have significantly increased by 68.99% compared to the same period last year.
May 06, 2024 | 8:37 pm
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NEUTRAL IMPACT
Rocket Lab USA reported a smaller-than-expected quarterly loss and a significant year-over-year sales increase, despite missing sales estimates.
The mixed results from Rocket Lab USA, with a better-than-expected EPS and a slight miss on sales forecasts, could lead to neutral short-term stock price movement. The significant year-over-year sales growth indicates strong business momentum, which might offset the negative impact of missing sales estimates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100