TradingKey – As of August 10 ET, Rocket Lab (RKLB) reported its second-quarter financial results after hours. Although revenue hit a record high and its order backlog expanded further, a loss per share of 8 cents, wider than the expected 6 cents, along with uncertainty surrounding the inaugural flight of its Neutron rocket this year, drove RKLB’s stock down by more than 7% at one point in after-hours trading.
Why Is RKLB Stock Falling?
RKLB’s post-earnings stock pressure was not due to weak earnings performance. On the contrary, the company’s second-quarter revenue reached $234 million, up 62% year-over-year to a record high, slightly exceeding market expectations of about $231.6 million. Meanwhile, the company’s net loss narrowed to…
