Rocket Lab Reports Monday Night. Wall Street Wants $232 Million and 60% Growth.
A fifth straight quarterly revenue record is the bar -- and the stock climbed 9% on Friday heading into the report.
Overview
Rocket Lab (NASDAQ: RKLB) reports second-quarter results after the market closes on Monday, Aug. 10 -- and investors aren't waiting for the numbers. Shares jumped 9% on Friday, and the space company is now worth about $50 billion.
Wall Street's consensus estimate sits at about $232 million of revenue, up about 60% year over year.
Details
Management's own guidance, issued in May, points at the same spot. It calls for $225 million to $240 million, a range whose midpoint would be up about 61% from the $144 million the company reported a year earlier.
Source
Originally published at www.fool.com.
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