Rocket Lab Shares Fall About 7% as Per-Share Loss Misses Estimates

Rocket Lab Corporation (RKLB) shares fell about 7% in premarket trading Nov. 10 after the company posted a third-quarter loss of $0.12 per share, wider than expected, despite record revenue and backlog.

Revenue rose 73% from a year earlier to $268 million. Rocket Lab's net loss widened to $80 million from $18.3 million a year earlier.

The company's backlog grew 52% from the prior quarter to $3.57 billion and included 117 launches. Rocket Lab's fourth-quarter outlook called for revenue of $270 million to $290 million and an adjusted EBITDA loss between $14 million and $20 million.

The quarter also included $470 million in new Space Systems contracts. TokenPost previously covered the third-quarter results and backlog.