Global Stock News

Rocket Lab Plunges Over 6% as Record Revenue Fails to Mask Profit Decline, Faces Further 30% Drop

Rocket Lab Plunges Over 6% as Record Revenue Fails to Mask Profit Decline, Faces Further 30% Drop

TradingKey – Rocket Lab missed earnings expectations, sending its shares tumbling over 6%, with technical analysis warning of a potential 30% further downside risk.

After market close on November 9, 2026, ET, Rocket Lab (RKLB) reported its third-quarter (Q3) financial results after the bell. Although quarterly revenue hit another record high, weighed down by surging R&D expenses and operating costs, the company’s loss widened further, sending RKLB shares tumbling over 6% post-market.

According to the released financial report, Rocket Lab’s Q3 revenue reached $268 million, exceeding market expectations of $257 million–$265 million and setting a record quarterly revenue high for six consecutive quarters. However, GAAP loss per share (EPS)…

Source link

Share this article

Scroll to Top