A number of stocks fell in the afternoon session after the broader U.S. stock market declined amid investor caution and a pullback in technology stocks.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
fell 0.3% in the morning session after the company reported better-than-expected third-quarter results and provided strong fourth-quarter revenue guidance, which prompted positive actions from multiple analysts. The space company posted record third-quarter revenue of $155.08 million, a 48% increase from the same period in the previous year. Looking ahead, Rocket Lab also gave an upbeat forecast for fourth-quarter revenue between $170 million and $180 million, which boosted investor confidence. In response to the news, several investment firms reiterated their positive views. An analyst at Stifel Nicolaus raised the price target on the stock to $75 from $65. Similarly, Needham increased its price target to $63 from $55, while KeyBanc Capital Markets maintained its Overweight rating and $75 price target.
From Diwali's lights in India to a "spiffy-drop" on Netflix, this Mailbag travels widely and thinks deeply. A listener celebrates the Rule Breaker habit of lighting candles, not fanning flames, while others ask how to "Add Up, Don't Double Down" in practice, what makes a business cyclical, and how to think about price momentum.
Rocket Lab shares are trading higher Tuesday after the company reported better-than-expected third quarter financial results and issued fourth quarter sales guidance above estimates.
Aerospace and defense company Rocket Lab (NASDAQ:RKLB) announced better-than-expected revenue in Q3 CY2025, with sales up 48% year on year to $155.1 million. Guidance for next quarter’s revenue was better than expected at $175 million at the midpoint, 1.7% above analysts’ estimates. Its GAAP loss of $0.03 per share was 67% above analysts’ consensus estimates.
Aerospace and defense company Rocket Lab (NASDAQ:RKLB) reported Q3 CY2025 results beating Wall Street’s revenue expectations, with sales up 48% year on year to $155.1 million. Guidance for next quarter’s revenue was better than expected at $175 million at the midpoint, 1.7% above analysts’ estimates. Its GAAP loss of $0.03 per share was 71.3% above analysts’ consensus estimates.
