BUZZ-Rocket Lab jumps after strong Q4 revenue forecast

Reuters

2024/11/13

** Shares of space company Rocket Lab RKLB.O jump 22.2% to $18 after the bell

** RKLB forecasts record Q4 revenue of $125 mln to $135 mln, compared with Wall Street expectations of $121.9 mln — LSEG

** Expect to close out 2024 strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems — CEO Peter Beck

** Q3 revenue jumps 55% to $105 mln, driven by strong demand for space launches

** Backlog is at $1.05 bln — RKLB

** As of last close, RKLB shares have more than doubled YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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