Rocket Lab USA, Inc. (RKLB) experienced a significant 10.04% plunge in after-hours trading on Thursday, following the release of its weaker-than-expected fourth-quarter 2024 results and soft guidance for the first quarter of 2025.
The space launch company reported Q4 2024 revenue of $132.39 million, narrowly missing the analyst consensus estimate of $130.58 million. While Rocket Lab met the earnings per share (EPS) estimate of -$0.10, its net loss remained substantial at -$52.3 million, highlighting ongoing financial challenges.
Furthermore, the company's guidance for Q1 2025 fell short of expectations, with projected revenue between $117 million and $123 million, below the consensus estimate of $135.67 million. This weaker outlook, coupled with the company's disappointing Q4 performance, weighed heavily on investor sentiment.
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.