#1 out of 2
business22h ago
RKLB: Rocket Lab Stock Turns Higher After Double Beat, Surging Gross Profits
- Rocket Lab reported $76.5 million in gross profit on $200.3 million in revenue, beating expectations.
- Year-over-year gross profit accelerated to $76.5 million from $35.2 million.
- The company guided Q2 revenue between $225 million and $240 million, above estimates.
- Despite growth, the firm remains unprofitable on an adjusted basis with a seven-cent loss.
- Investors cheered the trajectory as shares rose about 5% after hours.
- Rocket Lab’s long-term run has seen substantial gains over the past 12 months and two years.
- The focus remains on the growing commercial space economy and launch demand.
- SpaceX IPO discussions continue to influence investor appetite in the sector.
- Analysts expect Rocket Lab to reach even results by 2027.
- Market sentiment remains aligned with ongoing growth in space infrastructure.
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