US Stock Market Move | Q3 performance exceeds expectations and secures an $8 million contract. Rocket Lab (RKLB.US) surges over 36%.

On Wednesday, Rocket Lab (RKLB.US) soared more than 36% in midday trading, hitting a new all-time high of $20.05. In terms of news, the company's third-quarter financial performance exceeded expectations, with revenue of $105 million, a 55% year-over-year increase; net loss was $51.939 million, better than expected. The company expects Q4 revenue to be between $125 million and $135 million, while analysts expect $122 million. In addition, the company signed a multi-launch service agreement with a commercial satellite constellation operator for its Neutron rocket, and secured a federal defense contract worth up to $8 million.