Aug 10 (Reuters) – Rocket Lab forecast third-quarter revenue above Wall Street expectations on Monday, betting on rising demand for hardware for satellites and launch services. The company forecast third-quarter revenue to be between $250 million and $265 million, compared with analysts’ average estimate of $238.5 million, according to data compiled by LSEG. (Reporting by Akash […]
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Rocket Lab forecasts quarterly revenue above estimates on satellite, launch demand
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Aug 10 (Reuters) – Rocket Lab forecast third-quarter revenue above Wall Street expectations on Monday, betting on rising demand for hardware for satellites and launch services.
The company forecast third-quarter revenue to be between $250 million and $265 million, compared with analysts’ average estimate of $238.5 million, according to data compiled by LSEG.
(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)