Rocket Lab Q2 Earnings: Revenue, EPS Beat On 'Strong And Growing Demand'
Portfolio Pulse from Adam Eckert
Rocket Lab USA Inc (NASDAQ:RKLB) reported strong Q2 earnings with revenue of $106.25 million, beating estimates. The company also reported a smaller-than-expected loss per share. Revenue increased by 71% year-over-year, driven by strong demand for launch services and space systems. Rocket Lab expects Q3 revenue between $100 million and $105 million, with an adjusted EBITDA loss of $31 million to $33 million.
August 08, 2024 | 8:30 pm
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Rocket Lab reported Q2 revenue of $106.25 million, beating estimates and showing a 71% YoY increase. The company also reported a smaller-than-expected loss per share. Q3 revenue is expected to be between $100 million and $105 million.
Rocket Lab's strong Q2 performance, beating both revenue and EPS estimates, along with a significant YoY revenue increase, indicates strong demand and effective execution. The positive outlook for Q3 further supports a likely short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100