Rocket Lab Stock Soars 26% Premarket. Sales Grew 55%

Dow Jones11-13

Space is taking off.

Shares of commercial space start-up Rocket Lab USA, Inc. jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.

Tuesday evening, the company, which is akin to a mini-SpaceX, reported third-quarter sales of $105 million. Wall Street was looking for $103 million.

Looking ahead, Rocket Lab expects to generate sales of $125 million to $135 million in the fourth quarter. Wall Street was looking for $122 million.

The company's adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss for the quarter was almost $31 million, a little smaller than Wall Street expected.

The company launched its Electron rockets 12 times this year. The backlog ended the quarter at $1.05 billion. There are many more launches to come.

"Significant achievements for the quarter included signing a launch service agreement for multiple launches on Neutron with a confidential commercial satellite constellation customer," said CEO Peter Beck in a news release. "We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125 million to $135 million revenue quarter in Q4."

Neutron is the company's second, larger, launch system in development. Electrons are smaller rockets in operation today. A Neutron will carry about 13 metric tons into low Earth orbit, while an Electron rocket can carry some 300 kilograms into low Earth orbit.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Rollinrock
11-14
Rollinrock
Awesome!

Leave a comment

1

3

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483061739?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-13 17:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483061739","market":"sg","top_or_hot":-1,"title":"Rocket Lab Stock Soars 26% Premarket. Sales Grew 55%","media":"Dow Jones","content":"<html><head></head><body><p>Space is taking off.</p><p>Shares of commercial space start-up  <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab USA, Inc.</a>  jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e3b6432520ba04c1de9587489d81bc98\" title=\"\" tg-width=\"420\" tg-height=\"390\"/></p><p>Tuesday evening, the company, which is akin to a mini-SpaceX, reported third-quarter sales of $105 million. Wall Street was looking for $103 million.</p><p>Looking ahead, Rocket Lab expects to generate sales of $125 million to $135 million in the fourth quarter. Wall Street was looking for $122 million.</p><p>The company&#39;s adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss for the quarter was almost $31 million, a little smaller than Wall Street expected.</p><p>The company launched its Electron rockets 12 times this year. The backlog ended the quarter at $1.05 billion. There are many more launches to come.</p><p>&#34;Significant achievements for the quarter included signing a launch service agreement for multiple launches on Neutron with a confidential commercial satellite constellation customer,&#34; said CEO Peter Beck in a news release. &#34;We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125 million to $135 million revenue quarter in Q4.&#34;</p><p>Neutron is the company&#39;s second, larger, launch system in development. Electrons are smaller rockets in operation today. A Neutron will carry about 13 metric tons into low Earth orbit, while an Electron rocket can carry some 300 kilograms into low Earth orbit.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rocket Lab Stock Soars 26% Premarket. Sales Grew 55%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocket Lab Stock Soars 26% Premarket. Sales Grew 55%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 17:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Space is taking off.Shares of commercial space start-up  Rocket Lab USA, Inc.  jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results....</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKLB","symbol_name":"Rocket Lab USA, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483061739","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483061739","pubTimestamp":1731490457,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Space is taking off.Shares of commercial space start-up Rocket Lab jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.Tuesday evening, t","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RKLB":"Rocket Lab USA, Inc."},"translate_title":"Rocket Lab股价盘前飙升26%。销售额增长55%","themeId":"26f4d1e3b7207721a62f51fe6b025258","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RKLB":0.9},"content_text":"Space is taking off.Shares of commercial space start-up  Rocket Lab USA, Inc.  jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.Tuesday evening, the company, which is akin to a mini-SpaceX, reported third-quarter sales of $105 million. Wall Street was looking for $103 million.Looking ahead, Rocket Lab expects to generate sales of $125 million to $135 million in the fourth quarter. Wall Street was looking for $122 million.The company's adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss for the quarter was almost $31 million, a little smaller than Wall Street expected.The company launched its Electron rockets 12 times this year. The backlog ended the quarter at $1.05 billion. There are many more launches to come.\"Significant achievements for the quarter included signing a launch service agreement for multiple launches on Neutron with a confidential commercial satellite constellation customer,\" said CEO Peter Beck in a news release. \"We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125 million to $135 million revenue quarter in Q4.\"Neutron is the company's second, larger, launch system in development. Electrons are smaller rockets in operation today. A Neutron will carry about 13 metric tons into low Earth orbit, while an Electron rocket can carry some 300 kilograms into low Earth orbit.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":370741710623056,"gmtCreate":1731552240115,"gmtModify":1731552243845,"author":{"id":"4187407065322032","authorId":"4187407065322032","name":"Rollinrock","avatar":"https://community-static.tradeup.com/news/5a7e09e1c95eef6650e605cbba02811a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4187407065322032","authorIdStr":"4187407065322032"},"htmlText":"Awesome!&nbsp;","listText":"Awesome!&nbsp;","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370741710623056","repostId":2483061739,"repostType":2,"repost":{"id":"2483061739","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1731490457,"share":"https://ttm.financial/m/news/2483061739?lang=&edition=fundamental","pubTime":"2024-11-13 17:34","market":"sg","language":"en","title":"Rocket Lab Stock Soars 26% Premarket. Sales Grew 55%","url":"https://stock-news.laohu8.com/highlight/detail?id=2483061739","media":"Dow Jones","summary":"Space is taking off.Shares of commercial space start-up Rocket Lab jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.Tuesday evening, t","content":"<html><head></head><body><p>Space is taking off.</p><p>Shares of commercial space start-up  <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab USA, Inc.</a>  jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e3b6432520ba04c1de9587489d81bc98\" title=\"\" tg-width=\"420\" tg-height=\"390\"/></p><p>Tuesday evening, the company, which is akin to a mini-SpaceX, reported third-quarter sales of $105 million. Wall Street was looking for $103 million.</p><p>Looking ahead, Rocket Lab expects to generate sales of $125 million to $135 million in the fourth quarter. Wall Street was looking for $122 million.</p><p>The company&#39;s adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss for the quarter was almost $31 million, a little smaller than Wall Street expected.</p><p>The company launched its Electron rockets 12 times this year. The backlog ended the quarter at $1.05 billion. There are many more launches to come.</p><p>&#34;Significant achievements for the quarter included signing a launch service agreement for multiple launches on Neutron with a confidential commercial satellite constellation customer,&#34; said CEO Peter Beck in a news release. &#34;We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125 million to $135 million revenue quarter in Q4.&#34;</p><p>Neutron is the company&#39;s second, larger, launch system in development. Electrons are smaller rockets in operation today. A Neutron will carry about 13 metric tons into low Earth orbit, while an Electron rocket can carry some 300 kilograms into low Earth orbit.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rocket Lab Stock Soars 26% Premarket. Sales Grew 55%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocket Lab Stock Soars 26% Premarket. Sales Grew 55%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-13 17:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Space is taking off.</p><p>Shares of commercial space start-up  <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab USA, Inc.</a>  jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e3b6432520ba04c1de9587489d81bc98\" title=\"\" tg-width=\"420\" tg-height=\"390\"/></p><p>Tuesday evening, the company, which is akin to a mini-SpaceX, reported third-quarter sales of $105 million. Wall Street was looking for $103 million.</p><p>Looking ahead, Rocket Lab expects to generate sales of $125 million to $135 million in the fourth quarter. Wall Street was looking for $122 million.</p><p>The company&#39;s adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss for the quarter was almost $31 million, a little smaller than Wall Street expected.</p><p>The company launched its Electron rockets 12 times this year. The backlog ended the quarter at $1.05 billion. There are many more launches to come.</p><p>&#34;Significant achievements for the quarter included signing a launch service agreement for multiple launches on Neutron with a confidential commercial satellite constellation customer,&#34; said CEO Peter Beck in a news release. &#34;We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125 million to $135 million revenue quarter in Q4.&#34;</p><p>Neutron is the company&#39;s second, larger, launch system in development. Electrons are smaller rockets in operation today. A Neutron will carry about 13 metric tons into low Earth orbit, while an Electron rocket can carry some 300 kilograms into low Earth orbit.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKLB":"Rocket Lab USA, Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2483061739","content_text":"Space is taking off.Shares of commercial space start-up  Rocket Lab USA, Inc.  jumped 26% in premarket trading on Wednesday after the company reported better-than-expected third-quarter results.Tuesday evening, the company, which is akin to a mini-SpaceX, reported third-quarter sales of $105 million. Wall Street was looking for $103 million.Looking ahead, Rocket Lab expects to generate sales of $125 million to $135 million in the fourth quarter. Wall Street was looking for $122 million.The company's adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss for the quarter was almost $31 million, a little smaller than Wall Street expected.The company launched its Electron rockets 12 times this year. The backlog ended the quarter at $1.05 billion. There are many more launches to come.\"Significant achievements for the quarter included signing a launch service agreement for multiple launches on Neutron with a confidential commercial satellite constellation customer,\" said CEO Peter Beck in a news release. \"We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125 million to $135 million revenue quarter in Q4.\"Neutron is the company's second, larger, launch system in development. Electrons are smaller rockets in operation today. A Neutron will carry about 13 metric tons into low Earth orbit, while an Electron rocket can carry some 300 kilograms into low Earth orbit.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":3,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483061739"}