Rocket Lab (RKLB) beats revenue estimates, posts wider loss as backlog reaches $3.57 billion

Key points How Rocket Lab's quarter compared with forecasts What widened Rocket Lab's loss What Rocket Lab now charges for a Neutron launch Rocket Lab (RKLB) reported record third-quarter revenue of $268 million on November 9, beating the $258 million analysts expected, according to S&P consensus figures cited by StockStory. Its GAAP loss of 12 cents a share was wider than the 7-cent loss analysts expected. The quarterly release didn't provide an adjusted loss per share. Shares fell 6.8% to $54.87 in after-hours trading as of 7:39 p.m. Eastern, according to Nasdaq. They had closed at $58.86, up 10.9%, before the report. Rocket Lab expects fourth-quarter revenue of $270 million to $290 million. The midpoint of $280 million is above the $266.4 million analysts expected. Backlog rose 52% from the prior quarter to $3.57 billion. That's the value of signed contracts not yet recognized as revenue; how much arrives, and when, depends on contract terms and Rocket Lab delivering.

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