Rocket Lab falls, forecasts third-quarter margin below estimates - RKLB News | RalliesRocket Lab falls, forecasts third-quarter margin below estimates
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RKLB• Shares fall after Q3 margin outlook misses estimates
- Shares of space company Rocket Lab RKLB.O fall 1.9% in extended trading.
- The company forecasts Q3 GAAP gross margin of 29%-31%, below analysts' average estimate of 37.6%, according to data compiled by LSEG.
- RKLB forecasts Q3 revenue of $250 million to $265 million, above estimates of $238.5 million.
- Up to the last close, the stock was up 14.7% year to date.
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