Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are moving Wednesday. The stock appears to be moving on continued downward momentum from the last five days.
What To Know:
Rocket Lab shares are down 5% Wednesday and down more than 9% over the last five sessions.
Rocket Lab USA released its second-quarter financial reports with quarterly losses of 10 cents per share, missing the analyst consensus estimate of a loss of 9 cents per share. The company also reported second-quarter sales of $62.05 million, beating the consensus estimate of $61.79 million and representing an 11.85% increase over sales from the same period last year.
On Tuesday, Rocket Lab announced that BlackSky Technology, Inc. (NYSE:BKSY) signed a purchase agreement for a block of five launches that will increase capacity and introduce new capabilities for BlackSky. The company also announced it has signed a new launch services agreement with a confidential customer for a HASTE (Hypersonic Accelerator Suborbital Test Electron) mission from NASA’s Wallops Flight Facility in 2024.
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RKLB Price Action: According to Benzinga Pro, shares of RKLB are trading more than 10% lower at $1.65 at the time of publication.
Image: Courtesy of Rocket Lab USA, Inc.
