Rocket Lab (RKLB) Stock Slips 5% After Hours Despite Record Sales and Backlog

TLDR Rocket Lab stock fell 4.5% after hours Monday to $56.24 following its Q3 report. Sales hit a record $268 million, up 73% from a year ago. Backlog rose 52% from the prior quarter to $3.57 billion. Net loss widened to $80 million, and the Q4 Ebitda loss guidance came in wider than expected. Neutron’s first launch is still targeted for no earlier than 2027. Rocket Lab (RKLB) stock fell 4.5% in after-hours trading Monday to $56.24. The drop came right after a third-quarter report that beat Wall Street’s targets. Rocket Lab USA, Inc., RKLB It wiped out part of a 10.9% gain in the regular session. The S&P 500 rose 2.4% and the Dow added 2.2% on the same day.

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