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Update: Rocket Lab Q2 Loss Decelerates Slower Than Forecast While Sales Jump; Shares Drop Pre-Bell

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(Updates with the stock move in the headline and the first paragraph.)

Rocket Lab's (RKLB) shares dropped about 10% in Tuesday's premarket activity after the company reported its Q2 loss narrowed less than forecast, taking the shine off its sales beat.

The company reported a Q2 loss late Monday of $0.08 per diluted share, narrower than a loss of $0.13 a year earlier.

Analysts polled by FactSet expected a loss of $0.06.

Revenue for the quarter ended June 30 was $234.1 million, up from $144.5 million a year earlier.

Analysts expected $231.6 million.

The company said it expects Q3 revenue of $250 million to $265 million. Analysts expect $238.5 million.

Price: $72.13, Change: $-7.91, Percent Change: -9.95%

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