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Benzinga
Benzinga
Business
Henry Khederian

REVEALED: As rocket lab acquires geost analyst confidence in defense strategy grows | Rare Historical Photos

Rocket Lab Geost RKLB Lab Corp
Rocket,Lab,Building,Sign.,Auckland,,New,Zealand,-,February,8,

Rocket Lab Corp (NASDAQ:RKLB) shares have been volatile in recent sessions, following a strong second-quarter earnings report and a key strategic acquisition. Here’s what investors need to know.

What To Know: The company recently posted better-than-expected quarterly sales of $144.49 million, marking a 36% increase year-over-year and beating analyst consensus. Despite a slight earnings miss with a loss of 13 cents per share, Rocket Lab showcased impressive operational improvements, expanding its gross margin by 650 basis points. The company projects continued growth, guiding for third-quarter revenue between $145 million and $155 million.

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